- 26 - Brook Estates addition. See supra discussion of petitioner's payments to Citizens National Bank, E1 Reno. Petitioner's $1,542 interest payments in 1982 to Cessna Finance were on a loan to finance the airplane, described supra. Petitioner's $4,068 interest payments in 1982 to First National Bank, Oklahoma City, were on a loan to finance his and his father's buying of bank stock. Petitioner's $5,382 interest payments in 1982 to Local Federal S & L were on a loan to finance a "rent house". Petitioner's $3,856 interest payments in 1982 to Sooner Federal S & L were on a loan to finance a "rent house/office property". See supra discussion of petitioner's payments to American Exchange Bank, Norman. Petitioner spent the following amounts on Oklahoma Bar Association dues: 1982--$100; 1983--$100; 1984--$200; and 1985-- $200. Petitioner spent $150 on charitable contributions in 1982. Petitioner spent $789 on maintenance and $1,080 on hangar rent in 1982 for the airplane described supra: Petitioner spent $1,062 on farm expenses in 1982. Petitioner spent $3,500 on office rent in 1982; he claimed $10,972 and $3,000 for this purpose on his tax returns for 1984 and 1985, respectively. Petitioner spent $1,644 on law books in 1982. Petitioner spent $1,050 on rental property expenses in 1982. Petitioner spent $3,623 on travel and entertainment in 1982; he claimed $8,922, $2,440, and $5,782 ($169 on travel plus $5,613 on entertainment) on his tax returnsPage: Previous 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Next
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