Steven and Jennie Jacobs - Page 14

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            deduction of $1,829 for travel expenses.  Petitioner provided no                              
            evidence at the trial; he was given additional time after the                                 
            trial to provide documentary evidence and he failed to do so.                                 
            Respondent's determination on this issue is sustained in full.                                
            7.    Meals and Entertainment Expenses of $942, Less the 20                                   
                  Percent Limitation ($188) for a Deduction of $754                                       
                  Petitioner has completely failed to meet the recordkeeping                              
            and substantiation requirements of section 274(d) for meals and                               
            entertainment expenses.  Petitioner presented no evidence at the                              
            trial; he was given additional time after the trial to provide                                
            documentary evidence and he failed to do so.  Respondent's                                    
            determination on this issue is sustained in full.                                             
            8.    Publications Expenses of $427                                                           
                  Petitioner purchased nonbusiness publications (Esquire,                                 
            Vanity Fair, Details) without providing any persuasive evidence                               
            of business use.  Petitioner failed to provide any substantiation                             
            of his publications expense in the amount of $427, even though he                             
            was given additional time after the trial to provide documentary                              
            evidence.  Respondent's determination on this issue is sustained                              
            in full.                                                                                      
            9.    Printing Expenses of $15,300                                                            
                  Petitioner's total Schedule C reported gross income amounted                            
            to $21,876, of which only $3,500 was attributable to the creative                             
            fees charged for the brochures and folios that he produced for                                
            real estate brokers.                                                                          




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