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That income is reflected on a Schedule C attached to petitioner’s
returns. The Schedule C’s attached to petitioner's returns for
1980, 1981, and 1982 characterize the "main business activity"
which gave rise to the income from Besco as "commissions". The
Schedule C attached to petitioner’s return for 1983 characterizes
the "main business activity" which gave rise to the income from
Besco as "industrial sales". On each Schedule C, petitioner
offset the income received from Besco with various expenses that
he allegedly incurred in connection with earning such income.
The following table lists petitioner’s alleged Schedule C
expenses for each taxable year at issue:
Description 1980 1981 1982 1983
Depreciation $71.70 $71.70 $4,051.45 $72.00
Dues and
publications 36.00 48.00 -- --
Office supplies 106.58 -- -- --
Office supplies
and postage -- 147.23 113.20 --
Office expenses -- -- -- 488.00
Telephone 106.94 -- -- --
Travel and
entertainment 1,412.00 1,781.12 1,549.30 500.00
Utilities 285.78 -- -- --
Utilities and
telephone -- 480.56 659.73 --
Automobile
expenses 4,753.16 3,295.33 -- --
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Last modified: May 25, 2011