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general information and allegedly were used for lecturing
purposes.
Petitioner worked about 40 hours per week for the INS, 10
hours per week teaching at Chapman, 5 hours per week on other
lecturing activity, and an undeterminable amount of time on his
real estate project. Petitioner wrote during his remaining free
time. Other than the spiral calendar and small notebook
previously mentioned, petitioner did not maintain books or
records for any of his activities.
On his Schedule C for 1993, petitioner listed his principal
business or profession as “Religion” and reported no income from
that activity, but claimed the following expenses:
Expenses Amount
Car & truck $4,695
Depreciation 9,320
Office 851
Travel 266
Meals 88
Total 15,220
Petitioner’s car and truck expense deduction is based on the
mileage driven for commuting from home to the various places
listed in the log. Petitioner’s depreciation deduction is for
“Professional books and equipment”, of which $8,000 relates to
depreciation on 6,400 books with a purported $160,000 purchase
price and $1,320 relates to depreciation on various office
equipment, such as desks, bookcases, filing cabinets, furniture,
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Last modified: May 25, 2011