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1988 Business Deductions
Amount Claimed Amount Allowed Amount Disallowed
Deduction On Return By Respondent By Respondent
Temporaries and Steno $ 30,677 -0- $ 30,677
Labor 11,999 -0- 11,999
Depos., Court Costs, etc.6,920 -0- 6,920
Dues and Publications 850 $ 850 -0-
Insurance 10,366 10,366 -0-
Interest 69,622 -0- 69,622
Rent and Utilities 27,704 -0- 27,704
Taxes 6,678 -0- 6,678
Travel, Meals, etc. 2,674 -0- 2,674
Telephone 8,474 -0- 8,474
Parking 4,728 -0- 4,728
Auto and Plane 16,897 -0- 16,897
Total $197,589 $11,216 $186,373
1988 Itemized Deductions
Amount Claimed Amount Allowed Amount Disallowed
Item On Return By Respondent By Respondent
Medical and Dental $16,321 -0- $16,321
Taxes 5,076 $ 5,076 -0-
Interest 11,320 11,320 -0-
Charitable Contributions 2,300 -0- 2,300
Error Correction 40 -0- 40
Total $35,057 $16,396 $18,661
Respondent also audited 2618 Inc's Federal income tax returns
for 1987 and 1988 and eventually issued no-change letters with regard
thereto.
Items of Income Conceded by the Parties
For 1987 and 1988, petitioner and respondent have made
concessions and have entered into stipulations as to the treatment as
taxable income to petitioner of portions of the total deposits made
into petitioner’s bank accounts and of checks made payable to
petitioner but not deposited into his bank accounts (Other Checks),
as set forth below. The amounts shown as conceded by petitioner are
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