- 4 -
Car and truck none
Insurance 125
Office expense 75
Other business property rent 16,000
Repairs and maintenance 2,441
Supplies 1,200
Tax and licenses 263
Utilities 851
Business phone 950
Water 200
Page phone 100
Alarm 305
In the notice of deficiency, respondent disallowed all expenses
claimed on the Schedule C for 1992.
Petitioners filed a U.S. Individual Income Tax Return, Form
1040, for the taxable year 1993. They filed an Amended U.S.
Individual Income Tax Return, Form 1040X, for the taxable year
1993, stating that Schedule C had been changed due to an inter-
office bookkeeping audit. On Schedule C of their 1993 return and
their amended 1993 return, petitioners reported the following for
Hi Fidelity Record:
Original Amended
Return Return
Gross Receipts: $17,439 $102,000
Expenses, which included:
Advertising none 1,000
Car and truck 5,600 5,600
Insurance none 2,200
Office expense 84 184
Other business property rent 11,352 11,352
Repairs and maintenance none none
Supplies 10,500 61,250
Tax and licenses 154 none
Utilities none 5,000
Business phone 687 none
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Last modified: May 25, 2011