- 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 for
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next
Last modified: May 25, 2011