- 14 - deductible, as there was no evidence introduced to show that Sacramento Sierra Medical Group (Dr. Novick's employer) required as a condition of Dr. Novick's employment that Dr. Novick transport the medical files to and from his home. Further, petitioners stipulated that the storage of the medical records at their home was not for the convenience of Dr. Novick's employer. Petitioners claimed employee business expenses other than the home/office and automobile expenses which were disallowed by respondent. Dr. Novick received reimbursement from his employer for some of these expenses. Mr. Fenton was not aware of the reimbursement when he prepared petitioners' tax returns. Respondent's determination with respect to the disallowed miscellaneous employee business expenses for each of the years under consideration is sustained. Charitable Contributions Section 170 allows a deduction for charitable contributions, but only if verified pursuant to regulations. In the case at bar, petitioners had no documentation to verify (substantiate) their claims for charitable contributions in excess of those allowed by respondent. Because the disallowed deductions have not been verified, petitioners are not entitled to them. Investment Interest Petitioners claimed a $15,000 deduction for investment interest on their 1990 tax return. Petitioners presented noPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next
Last modified: May 25, 2011