- 10 - 6053 (a) Race Car (b) GTE - Yellow Pages (c) Ac-U-Kwik-Kalatee 6055 (a) Trad-A-Plane (b) MAB/MBC (c) Aviator's Hotline (d) Maxwell 6056 (a) Aviation Directory (b) Select Directory (c) Ac-U-Kwik-Kalatee (d) Air Charter (e) Aopa's USA The following table sets forth Dolphin's expenditures in connection with each of the advertising accounts listed above: Account FYE 1991 FYE 1992 FYE 1993 6051 $15,439 $3,736.00 $3,315.53 6052 3,324 1,298.83 113.36 6053 67,877 47,456.63 83,642.95 6055 12,689 17,641.26 266.58 6056 15,292 18,277.34 4,305.99 Total 114,621 88,410.06 91,644.41 Respondent disallowed deductions for Dolphin's advertising expenses in the 6053 account, in the following amounts: (1) $56,250 for fiscal year ending August 31, 1991; (2) $43,321 for fiscal year ending August 31, 1992; and (3) $80,0004 for fiscal year ending August 31, 1993. All of respondent's disallowances related to the race car expenditures. 4 Originally, respondent disallowed the entire $91,644, but later conceded that $11,644, the portion of advertising expenses not related to the race car, was deductible.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011