- 5 -
3(...continued)
1989 2,400
1990 2,669
1991 2,947
In the stipulation of settled issues the years are shown as 1988,
1990, 1991, and 1992. We assume the years listed should have
been shown as above inasmuch as tax year 1992 is not involved in
the instant case. Should our assumption be erroneous, the
parties should calculate the adjustments for "Travel Expenses --
Schedule C" in the Rule 155 computations in the manner necessary
to comport with the agreement of the parties.
11. Respondent and the Takaos agree adjustments for "Meal
Expenses--Schedule C" for 1988 and 1989 are settled by reducing
the amounts by $2,424 and $3,000, respectively.
12. Respondent concedes adjustments for "CMA Investors
Expense--Schedule E" for 1988 and 1989.
13. Respondent concedes adjustments for "Cleaning--
Schedule E" for 1989.
14. Respondent concedes adjustments for "Depreciation--T/N
Leasing--Schedule E" for 1989.
15. Respondent concedes adjustments for "Dishes Expense--
Schedule C" for 1990 and 1991.
16. The Takaos concede adjustments for "Staff Meetings--
Schedule C" for 1990 and 1991.
17. Respondent concedes adjustments for "Legal and
Professional--Schedule C" for 1990.
18. The Takaos concede the correctness of the $5,000
adjustment for "Itemized Deductions for State Income Tax" for
1989.
19. Respondent concedes that the $5,000 adjustment for
"Itemized Deductions for State Income Tax" for 1988 should be
reduced by $4,148.
20. The Takaos concede the correctness of the adjustments
for "Child Care--Sch. C" for 1989 and 1990 in the amounts of
$1,000 and $3,600, respectively.
21. The Takaos and respondent agree that adjustments for
"Insurance Expense--Sch. C" are reduced by $4,846 for each of the
years 1988, 1989, 1990, and 1991.
22. The Takaos and respondent agree that adjustments for
"Imputed Interest Income" are settled by reducing the dollar
amounts as follows:
1988 $30,495
1989 45,445
1990 40,644
1991 27,436
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