Fargnoli v. Murphy

New York Supreme Court

Fargnoli v. Murphy

55 Misc. 2d 545, 286 N.Y.S.2d 1009, 1967 N.Y. Misc. LEXIS 1273

DecidedSeptember 5, 1967

StatusPublished

This text of 55 Misc. 2d 545 (Fargnoli v. Murphy) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fargnoli v. Murphy, 55 Misc. 2d 545, 286 N.Y.S.2d 1009, 1967 N.Y. Misc. LEXIS 1273 (N.Y. Super. Ct. 1967).

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Opinion

Russell G. Hunt, J.

The petitioners seek to set aside assessments of income taxes for 1958, 1959 and 1960 upon the ground that the Statute of Limitations (Tax Law, § 373, subd. 4) had run. It appears that after an audit by the Federal Internal Revenue Bureau the latter made assessments for additional Federal income taxes due for the years stated above. The [546]*546petitioners thereafter and on June 24, 1964, gave notice thereof to the respondents pursuant to sections 367 and 659 of the Tax Law, and the respondents on August 31, 1964 and March 15, 1965 issued assessments for New York State income taxes respecting the additional income shown.

Subdivision 4 of section 373 provides that when a taxpayer reports a change or correction in taxable income by the Federal Internal Revenue Bureau the respondents are to have one year thereafter to recompute the amount of tax due. The language, “provided, however, the provisions of this subdivision shall not affect the time wihtin which an assessment may otherwise be made ”, is not inconsistent with the foregoing and does not negate the authority conferred. (See, also, Tax Law, § 659; § 683, subd. [c]; and the State Tax Commission Regulations, § 571-a, subds. [a], [d] [20 NYCRR 270.21(a), (d)].) The assessments were timely made. The application is denied.

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Russell G. Hunt, J.

The petitioners seek to set aside assessments of income taxes for 1958, 1959 and 1960 upon the ground that the Statute of Limitations (Tax Law, § 373, subd. 4) had run. It appears that after an audit by the Federal Internal Revenue Bureau the latter made assessments for additional Federal income taxes due for the years stated above. The [546]*546petitioners thereafter and on June 24, 1964, gave notice thereof to the respondents pursuant to sections 367 and 659 of the Tax Law, and the respondents on August 31, 1964 and March 15, 1965 issued assessments for New York State income taxes respecting the additional income shown.

Subdivision 4 of section 373 provides that when a taxpayer reports a change or correction in taxable income by the Federal Internal Revenue Bureau the respondents are to have one year thereafter to recompute the amount of tax due. The language, “provided, however, the provisions of this subdivision shall not affect the time wihtin which an assessment may otherwise be made ”, is not inconsistent with the foregoing and does not negate the authority conferred. (See, also, Tax Law, § 659; § 683, subd. [c]; and the State Tax Commission Regulations, § 571-a, subds. [a], [d] [20 NYCRR 270.21(a), (d)].) The assessments were timely made. The application is denied.

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Bluebook (online)

55 Misc. 2d 545, 286 N.Y.S.2d 1009, 1967 N.Y. Misc. LEXIS 1273, Counsel Stack Legal Research, https://law.counselstack.com/opinion/fargnoli-v-murphy-nysupct-1967.