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Some of petitioner's claimed travel and entertainment
expenses were personal. His workpapers do not show the amounts
of the checks for cash that he wrote in 1976.
Consequently, petitioner is not entitled to a deduction for
1976 travel and entertainment expenses in excess of the amount
allowed by respondent.
1977
Although petitioner claimed a deduction of $60,184.24 on his
1977 income tax return for travel and entertainment expenses,
only $42,631.31 was recorded in CTC's disbursements journal.
Petitioner claimed cash expenses of $17,380, but only $6,470 was
shown in his travel diary. At least $4,212.96 was unidentified.
Many of the claimed expenses were personal. Some of the
claimed expenses related to meetings with Bill McCabe concerning
various Florida real estate projects and exploration of business
opportunities in Naples, Florida.
Petitioner has not shown which travel and entertainment
expenses for 1977 were personal and which were business related.
Therefore, he is not entitled to the claimed deduction for that
year.
1978
Petitioner claimed deductions in 1978 for travel and
entertainment of $74,970, cash expenses of $20,000, and car
expenses of $1,537.03. Respondent disallowed all of the
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