Estate of Michael R. Monihan and Holly P. Monihan v. Director, Division of Taxation

New Jersey Tax Court·Decided January 16, 2026·No. 012125-2021·Published

Opinion

NOT FOR PUBLICATION WITHOUT APPROVAL OF THE TAX COURT COMMITTEE ON OPINIONS

: TAX COURT OF NEW JERSEY ESTATE OF MICHAEL R. : MONIHAN AND : HOLLY P. MONIHAN, :

:

: CIVIL ACTION : DOCKET NO. 012125-2021 :

Plaintiffs, :

:

v. :

: Approved for Publication DIRECTOR, DIVISION OF : In the New Jersey TAXATION, : Tax Court Reports :

Defendant. :

_______________________________:

Decided: January 14, 2026

Howard Pashman and Justin P. Kolbenschlag for Plaintiffs (Pashman Stein Walder Hayden, PC, attorneys).

Judith O’Malley for Defendant (Matthew J. Platkin, Attorney General of New Jersey, attorney).

NUGENT, J.T.C.

This opinion decides the cross-motions for summary judgment filed by the parties. The issue is whether Defendant, the Director, Division of Taxation properly reclassified as wages, commissions from the sale and rental of real estate which Michael and Holly Monihan reported on their New Jersey gross income tax returns

(GITR) as business income. Plaintiffs argue that the commissions were properly treated as business income on their tax returns as consistent with the terms of a 1989 independent contractor agreement between plaintiff Michael Monihan and a realty company of which he was a fifty-percent owner and corporate officer, and that Defendant must accept the independent contractor election of Michael Monihan therein as mandated by the Real Estate License Act, N.J.S.A. 45:15-1 to -42 (commonly known as the Brokers Act, hereinafter the Act), and the Act as interpreted in Kennedy v. Weichert Co., 257 N.J. 290 (2024).

The court finds that Michael Monihan was an employee as defined under N.J.A.C. 18:35-7.1(e) (“an officer of a corporation shall be considered an employee of the corporation”) and affirms Defendant’s income reclassification. Defendant’s cross-motion for summary judgment is granted. Plaintiffs’ motion for summary judgment is denied.1 FACTS AND PROCEDURAL HISTORY

1 The complaint originally captioned “Michael R. Monihan and Holly P. Monihan v. Director, Division of Taxation” was amended to substitute the Estate of Michael R. Monihan for Michael R. Monihan due to his passing during the pendency of the action. Within this opinion, the court will refer only to Michael Monihan, since the commissions at issue were earned by him. Holly Monihan, his spouse, is a named party due to the jointly filed GITRs. The court will refer to Mr. Monihan as Taxpayer, plaintiffs jointly as Taxpayers, and defendant as Taxation.

The court finds the following facts to be undisputed based on the parties’

respective certifications and exhibits submitted in support of the motions.

For all periods relevant to the assessments, Taxpayer, a licensed New Jersey real estate broker, was a fifty-percent shareholder of Monihan Realty, Inc. (Monihan Realty or the company), an S corporation, located in Ocean City, New Jersey. The primary business of the company was the sale and rental of residential real estate. At the company, Taxpayer wore many hats. As a company officer (President and Treasurer), he performed management functions such as procuring insurance, signing income tax returns, recruiting salespeople, coordinating accounting and legal services, and the like. He was also a broker-salesperson and the Broker of Record at the company.

Taxpayer and the company entered a “Broker-Salesperson Independent Contractor Agreement,” or “ICA,” dated November 19, 1989, regarding Taxpayer’s sales and rental activity. In the agreement Taxpayer was designated as Salesperson, and the company was designated as Broker. Taxpayer signed the agreement for the company and for himself. The ICA reads:

INDEPENDENT CONTRACTOR. This Agreement does not constitute employment of Salesperson by Broker and Broker and Salesperson acknowledge that Salesperson’s duties under this Agreement shall be performed by him in his capacity as an independent contractor . . . The Salesperson shall not be treated as an employee for Federal, State or local tax purposes with respect to services performed in accordance with the terms of this Agreement.

Taxpayer received the following compensation from the company: (i) wages in connection with his services as an officer/employee, for which he received a Form W-2; (ii) his distributive share of S corporation income, for which he received Form K-1; and (iii) commissions on his individual sales and rentals of real estate, for which he received a Form 1099-MISC.

For tax years 2016 through 2018, respectively, Taxpayers jointly filed GITRs on which they reported income from three categories as follows: (i) wages: $41,600; $41,600; and $41,600; (ii) pro rata share of S corporation income: $234,563; 285,673; and $225,336; (iii) business income: $111,941; $86,433; and $0. Taxpayers categorized the “business income” as net profits from business (reported on Schedule C of the returns before expenses) comprised of real estate commissions, which per the 1099-MISC was $192,838.11; $187,522.51; and $105,311.90.

Taxation audited the GITRs and issued a Notice of Deficiency dated March 19, 2020, reclassifying the 1099-MISC income as W-2 income. The “Explanation of Adjustments” on each notice stated that the W-2 wages “should have been added to include 1099-Miscellaneous income” based on the classification of a corporate officer as an employee, under N.J.A.C. 18:35-7.1(e). This increased the wage income from that reported to $234,438.22; $229,123.00; and $146,912.00, for each respective tax year. As part of the reclassification of income, Taxation disallowed the expenses claimed by Taxpayer on Schedule C in the amounts of $66,962;

$87,514; and $92,023, for the corresponding tax years. These adjustments resulted in a demand for taxes, plus interest and penalties, totaling $24,406.30.

Taxpayers timely protested the audit to Taxation’s Conference and Appeals Branch (CAB). CAB examined various documents provided (including prior years’ GITRs) and concluded that the audit conducted on March 19, 2020, was “correct,” thus “upheld” it as being in accord with N.J.A.C. 18:35-7.1(e).

Taxation then issued a final determination on June 17, 2021, reiterating CAB’s findings and conclusions. The final tax demanded, with interest and penalties less credits, was $7,288.39.2 Taxpayers timely filed a complaint in the Tax Court then moved for summary judgment. ANALYSIS A. Appropriateness of Summary Judgment Summary judgment will be granted “if the pleadings, depositions, answers to interrogatories and admissions on file, together with the affidavits, if any, show that there is no genuine issue as to any material fact challenged and that the moving party is entitled to a judgment or order as a matter of law.” R. 4:46-2(c); Brill v. Guardian Life Ins. Co. of Am., 142 N.J. 520, 523 (1995).

2 The tax liability of $24,406.30 was reduced to $7,288.39 based on 2019 and 2020 credits applied in the amount of $17,117.91.

Taxpayer argues that his tax reporting is governed by the language of the Brokers Act as amended in 2018. The Act was amended to require that a real estate salesperson and/or broker-salesperson and their employing broker define the business association as either employer/employee or independent contractor, then memorialize that election in writing. N.J.S.A. 45:15-3.2. Taxpayer contends that the 1989 ICA, the plain language of the Brokers Act, and the interpretive case law, all support his position that he earned the real estate commissions from the company as an independent contractor rather than an employee. Based on Taxpayer’s 1989 ICA, he contends his W-2 income as an employee was distinct and unrelated to the commission income he earned working as a broker-salesperson for the company. Therefore, Taxpayer concludes that he correctly reported commissions (net of business deductions) on Schedule C, as business income.

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Estate of Michael R. Monihan and Holly P. Monihan v. Director, Division of Taxation, (N.J. Super. Ct. 2026).

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