- 16 -
Meals & Lodging and Convention and Entertainment" disallowed by
respondent for 1982, 1983, and 1984, respectively.
15. Service has not shown that it is entitled to deduct $858
and $2,222 for 1982 and 1983 for "Medical Benefits Insurance".
16. Great is entitled to deduct the $5,000 incurred in
making copies of promotional tapes.
17. Great is not entitled to deduct the $166,162 and
$105,905 for its FYE July 31, 1983 and 1984, claimed for film
rentals.
18. Great has not shown that it is entitled to deduct
seminar expenses for its FYE July 31, 1983 and 1984, in amounts
greater than $319,629 and $511,853, respectively.
19. Great has not shown that it is entitled to deduct
travel expenses for its FYE July 31, 1983, in excess of the
$150,764.54 allowed by respondent.
20. Great has not shown that it is entitled to deduct, for
its FYE July 31, 1983 and 1984, interest expense in excess of
$3,585 and $11,674, respectively.
21. Great, for its FYE July 31, 1983, is not entitled to
deduct bad debts in excess of the $4,854 allowed by respondent.
22. Great has not shown that it is entitled to deduct in
excess of the $39,469 that it claimed for its FYE July 31,
1983, for "Convention Expenses".
Page: Previous 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 NextLast modified: May 25, 2011