Successful representation of a family partnership before a state administrative law judge on the issue of an extension of debt between the related parties and recognition of deferred income.

Successful representation of a family partnership before a state administrative law judge on the issue of an extension of debt between the related parties and recognition of deferred income. The State argued the extension of debt caused the deferred gain to become immediately includable in income. The administrative law judge accepted the argument of the family partnership that deferred income was not recognized until payment.