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APPENDIX
Taxable Year Ending June 30, 1986
Amount of Purpose of
deduction claimed deduction claimed
by the corporation by the corporation Concessions and Arguments
$17,695 other deduction The corporation conceded
entire amount to be the cost
of acquiring paintings and not
a deductible business expense
to the corporation; respondent
allowed additional
depreciation expenses.
5,497 other deduction The corporation conceded
entire amount to be
petitioner's personal real
estate expense and contends
that entire amount is
deductible as compensation to
petitioner.
1,728 other deduction The corporation conceded
entire amount to be
petitioner's personal
educational expense and
contends that entire amount is
deductible as compensation to
petitioner.
8,775 other deduction The corporation conceded
4387.00 [sic] to be not
deductible for the purpose
claimed and contends that such
amount is deductible as
compensation to petitioner;
respondent conceded 4387.50.
4,500 legal and The corporation conceded 1,000
professional fees to be not deductible for the
purpose claimed and contends
that such amount is deductible
as compensation to petitioner;
respondent conceded 3,500.
894 repairs/supplies The corporation conceded 594
to be not deductible for the
purpose claimed and contends
that such amount is deductible
as compensation to petitioner;
respondent conceded 300.
600 professional The corporation conceded 600
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