Kings Road Property, LLC, Kings Road Manager, LLC, Partnership Representative, Petitioner(s)

United States Tax Court·Decided September 21, 2026·No. 10272-25·Published

Opinion

United States Tax Court

167 T.C. No. 11

KINGS ROAD PROPERTY, LLC, KINGS ROAD MANAGER, LLC, PARTNERSHIP REPRESENTATIVE, Petitioner

v.

COMMISSIONER OF INTERNAL REVENUE, Respondent

R filed a Motion to Dismiss for Lack of Jurisdiction.

In response, P asserted equitable tolling. P also filed a Cross-Motion to dismiss arguing that P was prejudiced by various alleged defects in R’s mailing of the FPA.

Held: The deadline to file a petition under I.R.C.

§ 6234(a) is not jurisdictional. Big Apple Tompkins Realty LLC v. Commissioner, No. 19040-23, 167 T.C. (Aug. 5, 2026), followed.

Held, further, the deadline to file a petition under I.R.C. § 6234(a) may be subject to equitable tolling.

Held, further, for equitable tolling to apply, the burden is on the petitioner to establish (1) that it pursued its rights diligently and (2) that extraordinary circumstances outside of its control prevented it from filing on time.

Held, further, P met its burden to establish that equitable tolling applies.

Held, further, R’s Motion to Dismiss for Lack of Jurisdiction will be denied.

Held, further, R’s mailing of the FPA was not defective.

Held, further, even if R’s mailing was defective, the application of equitable tolling mitigated any prejudice P might have suffered.

Held, further, P’s Cross-Motion to Dismiss for Lack of Jurisdiction will be denied.

OPINION

BUCH, Judge: Kings Road Property, LLC (Kings Road), the petitioner in this case, is a limited liability company that is treated as a partnership for federal income tax purposes. It is subject to the partnership audit and litigation procedures enacted by the Bipartisan Budget Act of 2015 (BBA), Pub. L. No. 114-74, § 1101(a), (c), and (g), 129 Stat. 584, 625, 638. 1 The Commissioner examined Kings Road’s 2020 return and eventually issued a Notice of Final Partnership Adjustment (FPA). Kings Road filed an untimely Petition.

Pending before the Court are the Commissioner’s Motion to Dismiss for Lack of Jurisdiction and petitioner’s Cross-Motion. The Commissioner’s Motion argues that Kings Road’s Petition was untimely pursuant to section 6234(a). 2 In response, Kings Road argues that section 6234 is not jurisdictional, that equitable tolling applies, and that the Court should treat the Petition as timely. Kings Road further argues that the FPA is invalid because it was not properly mailed, because the Commissioner failed to exercise due diligence in mailing, and because the FPA was signed by someone who was not properly appointed under the Federal Vacancies Reform Act of 1998 (VRA), enacted as part of the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999, Pub. L. No. 105-277, div. C, § 151(b), 112 Stat. 2681, 2681-611 (codified as amended at 5 U.S.C. § 3345(a)).

Background

The following facts are derived from the parties’ filings to date.

The facts are stated solely for purposes of ruling on the Motions and not as findings of fact in this case. See Sundstrand Corp. v. Commissioner, 98 T.C. 518, 520 (1992), aff’d, 17 F.3d 965 (7th Cir. 1994).

Kings Road is a limited liability company with its principal place of business in Georgia. Kings Road Manager, LLC, is the partnership

1 Because the BBA amended the Internal Revenue Code by striking the Tax

Equity and Fiscal Responsibility Act of 1982 (TEFRA), Pub. L. No. 97-248, §§ 401–407, 96 Stat. 324, 648–71, and enacting new provisions using many of the same Code section numbers, when referring to such Code sections, we will parenthetically indicate to which procedures, BBA or TEFRA, we are referring, where the context may not otherwise be clear.

2 Unless otherwise indicated, statutory references are to the Internal Revenue

Code, Title 26 U.S.C. (I.R.C. or Code), in effect at all relevant times. All monetary amounts are shown in U.S. dollars and rounded to the nearest dollar.

representative for Kings Road. Both Kings Road and its partnership representative have the same address of 100 Bull Street, Suite 212, Savannah, Georgia 31401.

On October 14, 2021, the Internal Revenue Service (IRS) received Kings Road’s 2020 Form 1065, U.S. Return of Partnership Income. On that return, Kings Road claimed a charitable contribution deduction for a conservation easement with a reported value of $30,570,000.

The Commissioner examined Kings Road’s 2020 return. On May 24, 2024, the Commissioner mailed a Notice of Proposed Partnership Adjustment (NOPPA) to Kings Road and its partnership representative at “100 Bull Street, Ste 212.” The NOPPA proposed to disallow the charitable contribution deduction, proposed an imputed underpayment of $11,310,900, and proposed an accuracy-related penalty of $4,395,748. Kings Road and its partnership representative both received the NOPPA. Kings Road did not submit a modification request. See I.R.C. § 6225(c).

After receiving the NOPPA, Kings Road retained new counsel.

The new counsel filed Forms 2848, Power of Attorney and Declaration of Representative, with the Centralized Authorization File (CAF) Unit. The CAF Unit input the new counsel into the CAF system on August 27, 2024.

Her client’s having received a NOPPA, counsel to Kings Road kept her eye out for an FPA and the deadline to file a petition in response. Under section 6235(a)(3), the Commissioner has 330 days after the issuance of a NOPPA to issue an FPA (if there is no modification request). Kings Road’s counsel calculated 330 days from the date of the NOPPA (May 24, 2024) to be April 19, 2025. Because that was a Saturday, she added two days to conclude that the FPA must be mailed by April 21, 2025. See I.R.C. § 7503. From the mailing of the FPA, a taxpayer has 90 days to file a petition in the Tax Court. I.R.C. § 6234(a). Kings Road’s counsel calculated the deadline to file a petition in the Tax Court if the FPA was sent on April 21, 2025, to be July 20, 2025, a Sunday. She marked her calendar and waited.

Neither Kings Road, nor its partnership representative, nor its newly retained counsel received an FPA. On May 21, 2025, after the FPA should have been sent, Kings Road’s counsel called the IRS to inquire whether an FPA had been mailed. The agent informed Kings Road’s counsel that “there had been no activity on the Kings Road account and

that no notices had been sent out since [the] power of attorney was put on file in August of 2024.” Kings Road’s counsel also contacted the partnership representative to have it recheck its files to determine whether it had received an FPA. The partnership representative’s designated individual stated that he did not receive an FPA; he nonetheless rechecked the mailbox and files to confirm that no FPA had been received. Additionally, Kings Road’s counsel obtained an account transcript for Kings Road from the Tax Pro account on irs.gov, which did not show an issuance of an FPA or any determination of additional tax.

Despite not having received an FPA, Kings Road, through its partnership representative, filed a protective Petition on July 9, 2025. In its Petition, Kings Road argued that, because the Commissioner had not issued an FPA before the deadline in section 6235(a), any forthcoming FPA would be untimely, and in the alternative, challenged the underlying adjustments if an FPA had been sent.

Much to the surprise of Kings Road and its counsel, the Commissioner had mailed an FPA to Kings Road and its partnership representative. The FPA, dated March 25, 2025, determined an imputed underpayment of $11,310,900 resulting from the disallowance of a noncash charitable contribution deduction. The FPA also determined an accuracy-related penalty for an underpayment of tax required to be shown on a return attributable to a gross valuation misstatement under section 6662(a), (b)(3), and (h). In the alternative, the FPA determined an accuracy-related penalty for either negligence, a substantial understatement, or a substantial valuation misstatement under section 6662(a) and (b)(1), (2), or (3), respectively. See I.R.C. § 6662(c), (d), and (e).

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