2022 Precedential Franchise & Income Tax Opinions
Decisions | Month | Year | Cite | Decision Type | Issues |
---|---|---|---|---|---|
J. Silver and K. Silver | December | 2022 | 2022-OTA-408P | Precedential | Loss limitations (at-risk rules) (IRC 465); disregarded entity, alter ego theory; late filing penalty (R&TC 19131) |
F.A.R. Investments, Inc. | December | 2022 | 2022-OTA-395P | Precedential | Like-kind exchange (IRC 1031) |
B. Housman & B. Pena | November | 2022 | 2022-OTA-375P | Precedential | Residency (R&TC 17014; Reg. 17014); check-the-box classification (Treas. Reg. 301.7701-3); stock valuation |
J. Fisher and M. Fisher | October | 2022 | 2022-OTA-337P | Precedential | Late filing penalty (R&TC 19131) |
D.Beckwith | October | 2022 | 2022-OTA-332P | Precedential | Residency (R&TC 17014: Reg. 17014) |
MJK Real Estate Fund | August | 2022 | 2022-OTA-247P | Precedential | Doing business in California (LLC) (R&TC 17941, 23101); jurisdiction (claim for refund) (R&TC 19322) |
J. Acosta and M. Castro | August | 2022 | 2022-OTA-235P | Precedential | Community property; jurisdiction; preemption (49 U.S.C. section 11502, Interstate Railroad Employee Wages) |
R. Sheward | July | 2022 | 2022-OTA-228P | Precedential | California source income (nonresident, sole proprietorship) (Reg. 17951-4); cascading rules (Reg. 25136-2) |
M. Johnson and A. Johnson | June | 2022 | 2022-OTA-166P | Precedential | Cancellation of debt (COD) income (IRC 108); recourse debt, nonrecourse debt; IRC 1231 gain; pass-through entity |
R. Carr | June | 2022 | 2022-OTA-157P | Precedential | OTA lacked jurisdiction to hear claims for refund, as taxpayer had not established tax payments (R&TC 19331, 19322.1) |
Amarr Company | February | 2022 | 2022-OTA-041P | Precedential | Installment sale (IRC 453); business income (goodwill) (R&TC 25120); special apportionment (R&TC 25137) |