- 7 - Nevertheless, we allow petitioner to deduct the following rounded amounts: Insurance $127 Mortgage interest 258 Office expense 127 Repairs and maintenance 355 Travel 813 Utilities 596 Other expenses Secretarial 3,919 Medical books 615 Dues 737 Conferences 485 Security system 84 Total $8,116 With respect to petitioner's claimed deductions for depreciation and section 179 expense, taxes and licenses, meals and entertainment, business meetings, and telephone, the record does not establish that such expenses were incurred or were ordinary and necessary business expenses. No credible documentary evidence was introduced to support any of these claimed deductions. Further, petitioner's testimony regarding these deductions was vague, uncertain, and untenable. On several occasions, petitioner admitted that she was unsure of the amounts of some of these claimed deductions and that she basically relied on her accountant to determine the amounts of her expenses. We have stated on many occasions that this Court is not bound to accept petitioner's self-serving, unverified, and undocumented testimony. Tokarski v. Commissioner, 87 T.C. 74, 77 (1986);Page: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
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