-11- Petitioners determined that 9.53 percent of the Mission Viejo and Poway residences was used for business purposes in 1989. During the year in issue, petitioners owned at least 4 cars: A 1987 Suzuki Samurai, a 1987 Cadillac Fleetwood, a 1987 Ford Aerostar, and a 1984 Dodge Colt. Petitioner claims he used the Cadillac 82 percent of the time for business and that the other automobiles were used for personal use. Petitioners also owned a 1987 Nomad Travel Trailer (a recreational vehicle). The travel trailer was stored at the Laguna Hills Golf Range and was not used for business purposes. Pursuant to petitioner’s employment agreement with Westech, Westech was required to provide petitioner with either a $250,000 life insurance policy or to reimburse him for the cost of keeping an existing policy in force. Westech was also required to reimburse petitioner for his employee business expenses,4 including office supplies, telephone, dues, travel and entertainment, and automobile expenses of $1,000 per month. Arrowhead also reimbursed petitioner for his employee business expenses. 4 Westech reimbursed petitioner for at least $4,266.41 of the business expenses he incurred in 1989.Page: 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