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1990 1992 1994
Depreciation $4,421 $2,627 $1,523
Feed purchased 254
Gasoline, fuel, 350 947 1,330
and oil
Insurance 464 468 689
Mortgage interest 3,929 3,689 2,260
Other interest 1,135 575
Labor hired 149
Repairs and 1,040 1,833 3,221
maintenance
Seeds and plants 254 832 188
purchased
Supplies purchased 2,171 457 762
Taxes 355 250 648
Utilities 1,327 640
Veterinary fees and 253
medicine
Other expenses:
Legal & acct. 222
Miscellaneous 30 37 120
Advertisement 10
Office supplies 40 152
Road expenses 1,071
Windbreak exp. 77
Total expenses 16,354 11,765 12,681
Petitioners’ Schedules F reflected net losses of $13,774, $9,067,
and $10,024 for 1990, 1992, and 1994, respectively.
In April 1995, petitioners received notification from
respondent that their 1992, 1993, and 1994 taxable years were to
be examined. In May 1995, Donna M. Hasbrouck, accompanied by
Brian Bras, an accountant with the firm that prepared
petitioners’ tax returns, traveled to respondent's offices in
Great Falls, Montana, and met with Sue E. McConaughy (Ms.
McConaughy), the tax auditor responsible for the examination. Ms.
McConaughy had previously requested information from petitioners
regarding the deductions and losses reflected on the Schedules F.
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