They say love conquers all. While that has been my experience, I’m not so sure it is an effective tax planning tool. That is until I read the recent New York State Administrative Law Judge (ALJ) decision, In the Matter of the Petition of Stephen C. Patrick. I had another topic in mind for this week’s blog, but just had to push it aside once I realized the great lawyering that won this case.
You really should read the case. The facts read like a true love story years in the making. While I won’t delve into the details here, the taxpayers were both high school sweethearts who both went their separate ways. They both married others and had established families of their own. Many years later they were reunited.