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After concessions,2 the issues for decision are: (1) Whether
petitioners are entitled to deduct amounts paid by Kenneth Miles
Tesar (petitioner) for the purchase of comic books used in an
extracurricular activity at the school in which he taught;
(2) whether petitioners are entitled to a deduction with respect
to Michon Snow Tesar's (Mrs. Tesar) home office; (3) whether
petitioners are entitled to a Schedule C deduction for
Mrs. Tesar's automobile usage; and (4) whether petitioners are
liable for an accuracy-related penalty under section 6662(a) for
2 For the taxable year 1991, respondent concedes that
petitioners are entitled to an exemption deduction for
petitioner's brother, Frank Tesar, and that petitioners are
entitled to a child-care credit in the amount of $960.
For the taxable year 1992, respondent concedes that
petitioners are entitled to a Schedule C deduction in the amount
of $110 for insurance expense. Respondent further concedes that
petitioners are entitled to a deduction for charitable gifts in
the amount of $12,032.59. Respondent also concedes that
petitioners may deduct petitioner's unreimbursed employee
expenses in the amounts of $425 for dues and $1,155 for
automobile expense, subject to the limitation on miscellaneous
deductions. Further, respondent concedes that petitioners are
entitled to a child-care credit in the amount of $960.
For the taxable year 1993, respondent concedes that
petitioners are entitled to a deduction for charitable gifts in
the amount of $12,916.98. In addition, respondent concedes that
petitioners may deduct petitioner's unreimbursed employee
expenses in the amounts of $397 in dues and $1,120 in automobile
expenses, subject to the limitation on miscellaneous deductions.
Respondent also concedes that petitioners are entitled to a
child-care credit of $350.45.
For the taxable year 1992, petitioners concede that they are
not entitled to a deduction in the amount of $7,316 for points
incurred in refinancing their home mortgage in October 1992.
Petitioners are entitled to deductions in 1992 and 1993 with
respect to the amortization of the points over the 30-year term
of the mortgage.
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