- 2 - Respondent determined a deficiency in petitioners' Federal income tax for 1993 in the amount of $2,509. After a concession by petitioners,2 the issue remaining for decision is whether petitioners are entitled to deductions for ordinary and necessary expenses for travel while away from home in the pursuit of a trade or business. Some of the facts have been stipulated and are so found. The stipulations of fact and attached exhibits are incorporated herein by this reference. Petitioners resided in Downers Grove, Illinois, on the date the petition was filed in this case. All references to petitioner in the singular are to Steve Pasharikoff. In 1993, petitioner traveled to Miami, Florida, from his home in Illinois to help his nephew repair property damage caused by Hurricane Andrew. Petitioner shared a friend's one-bedroom condominium, where he slept on a pullout couch. Petitioner worked for Liberty Drywall, Inc. while he was in Florida. His job entailed supervising various construction sites and delivering building materials. Liberty Drywall, Inc. provided petitioner with a truck for driving from his living quarters to and between construction sites. As noted supra, petitioner concedes that he received $8,930 in self-employment income from Liberty Drywall, Inc. during 1993. Petitioner, 2 Petitioner husband concedes that he received and failed to report $8,930 in self-employment income for 1993, as determined by respondent in the statutory notice of deficiency.Page: Previous 1 2 3 4 Next
Last modified: May 25, 2011