- 4 - on the Schedule C. Petitioner's records do not indicate to whom, or how many copies of his book were sold. Independent from his employment at Sierra, from January to September of 1992, petitioner conducted educational seminars on the mathematics of electronics. The seminars were held 5 days per week for 4 hours per day. He taught between 3 and 6 students at any given time. During January and February of 1992, petitioner used an empty room located in an airport as his seminar classroom. Petitioner sublet this room from Webaire. Due to complications involving his arrangement with Webaire, beginning in March of 1992, petitioner rented a different room at the airport directly from the Port of Oakland. He used this room as his seminar classroom for the rest of the year. The airport was located less than one block from Sierra. Petitioner drove a pickup truck from his residence to Sierra and then walked from Sierra to the airport. Petitioners filed a Schedule C for petitioner's "education business" with their 1992 Federal income tax return. On the Schedule C, among other things, petitioners reflected gross receipts in the amount of $7,271. Apparently $124 of this amount is attributable to the sales of his book, and a substantial portion of the balance is attributable to the fees he charged forPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next
Last modified: May 25, 2011