John K. Jorman, Jr. and Audrey Jorman - Page 4

                                        - 4 -                                         
          $8,352.39 in relocation benefits directly or indirectly from PSI            
          as a result of his transfer from Bloomington to Kokomo.  Included           
          in the amount of relocation benefits received by petitioner were            
          the following items:                                                        
               Amount paid to third party for transportation                          
               and storage of household goods and                                     
               personal effects                           $1,247.25                   
               Amount paid to petitioner for lodging                                  
               incurred in his move from Bloomington to                               
               Kokomo                                         22.60                   
               Amount paid to petitioner for expenses                                 
               incurred in selling, buying, or leasing a                              
               residence                                     416.68                   

          The entire amount of the relocation benefits received by                    
          petitioner in 1991 was included in his Form W-2 wages and                   
          reported on petitioners' 1991 return.                                       
               On their 1991 return petitioners claimed an itemized moving            
          expense deduction in the amount of $3,897.18 computed as follows:           

               Transportation and storage expenses in                                 
               moving household goods and personal                                    
               effects                                   $1,247.252                   
               Travel, meals and lodging expenses                                     
               in moving from old to new residence          298.25                    
               Pre-move travel, meals, and lodging                                    
               in looking for a new residence after                                   
               getting a job incurred from 1/1-1/31/91    1,344.00                    
               Expenses of settling an unexpired lease       412.68                   


          2This amount was paid directly by PSI to third parties on                   
          petitioner's behalf.                                                        




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  Next

Last modified: May 25, 2011