- 7 - At trial, petitioner husband explained the $6,499 reduction as follows: As we went through it [the return preparer's worksheet] item-by-item, I thought some items that we were using weren't primarily for the benefit of the child or the children, especially the condominium in Florida, and I * * * felt we should back those items out, so we backed some items out and reduced the figure. Petitioner husband believed their charitable deduction should be more conservative than the amount calculated by their return preparer. Petitioner husband eliminated the allocated portion of the fair rental value of the Florida condominium, boat, sailboat, and waverunner. Respondent disallowed petitioners' $15,101 charitable deduction attributable to unreimbursed foster care expenses. The parties stipulated that petitioners made the following direct out-of-pocket expenditures for the care of their foster child in 1991: Food $1,739 Clothing/toys 2,985 Education 150 Babysitting 1,200 Medical 50 Recreation 360 Allowance 102 Total $6,586 Respondent acknowledges that petitioners are entitled to a charitable contribution deduction for their direct out-of-pocket expenses in excess of amounts reimbursed by Monroe County. Respondent argues that although petitioners have incurred directPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
Last modified: May 25, 2011