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respondent allowed additional
depreciation expenses.
68,713.07 other deduction The corporation conceded
50,361 to be not deductible
for the purpose claimed and
contends that such amount is
deductible as compensation to
petitioner; respondent
conceded 18,352.
9,961 legal and The corporation conceded
professional fees 6,161.35 to be an amount that
was wire transferred to
petitioner and 3,800 to be
petitioner's personal business
and investment expense. The
corporation contends that
entire amount is deductible as
compensation to petitioner.
5,064 repairs/supplies The corporation conceded
entire amount to be payments
by the corporation to Western
Savings Credit Union and
contends that entire amount is
deductible as compensation to
petitioner.
1,861 insurance The corporation conceded
entire amount to be
petitioner's personal real
estate insurance expense and
contends that entire amount is
deductible as compensation to
petitioner.
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