- -9 Respondent in the notice of deficiency disallowed $3,464 of the itemized deductions claimed by petitioner for 1991. The itemized deductions claimed by petitioner for 1991 which were not disallowed were: Deduction Amount Real estate taxes $277 Personal property taxes 20 Charitable contributions 12 Home mortgage interest 4,070 Total 4,379 Petitioner filed a Schedule C with his return for the taxable year 1991, using the business name "A & M Techservices". Petitioner reported the address of this business as "1431 S. Oak St. Room 16, Melbourne, FL 32901". On the Schedule C petitioner claimed business expense deductions as follows: Expense Amount Advertising $6,150 Insurance 240 Interest 850 Legal/professional services 3,550 Office expense 7,000 Equipment lease 1,900 Repairs and maintenance 775 Supplies 200 Travel 1,500 Meals and entertainment 80 Utilities 300 Business Start-up 960 Total 23,505 Petitioner stated on the Form 2106 attached to his 1991 return that his business was engineering consulting. Petitioner was seeking to contract out his services as an independentPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011