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of $1,141 (rounded), consisting of: (1) $454.75 received for
accounting services, (2) $65.15 in commissions, (3) $165.74
received for miscellaneous services, (4) $76 received for
merchandise orders, and (5) $380.60 received for photography.
On the Schedule C, petitioner claimed a cost of goods sold of
$301 and business expenses of $20,122, resulting in a net loss of
$19,282. Petitioner reported a tax due for 1990 in the amount of
$47. Petitioner's 1990 Federal income tax return was filed on
May 28, 1991.
On her 1991 Federal income tax return, petitioner reported
wage income of $31,567, interest income of $47, and refunds of
State and local taxes of $393. Petitioner claimed itemized
deductions of $5,285 and an IRA deduction of $1,200. On Schedule
C of the return, petitioner claimed gross receipts and gross
income of $3,007, at least $19.50 of which was received for
accounting services, at least $50 of which was received as rent,
and at least $2,423.07 of which was received for photography. On
the Schedule C, petitioner claimed business expenses of $19,230,
resulting in a net loss of $16,223. Petitioner reported a tax
due for 1991 in the amount of $1,069. Petitioner's 1991 Federal
income tax return was filed on December 15, 1992.
On her 1992 Federal income tax return, petitioner reported
wage income of $32,345 and interest income of $29. Petitioner
also reported itemized deductions of $6,343 and an IRA deduction
of $1,200. On Schedule C of the return, petitioner reported
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