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Schedule C. Petitioners' 1995 transaction report lists monthly
insurance payments in the amount of $113.36.
On the basis of the record, we are satisfied that
petitioners paid regular monthly premiums for business liability
insurance. Accordingly, we hold that petitioners are entitled to
a deduction in the amount of $113.36 for the 1994 tax year
representing expenses incurred for business insurance for the
month of December 1994.
f. Food, Restaurant Supplies, and Soda Purchases
Though petitioners' 1994 transaction report lists expenses
for food, restaurant supplies, and soda in the amount of
$4,565.74, petitioners did not claim expense deductions for food,
restaurant supplies, or soda purchases on their 1994 Schedule C.
Petitioners did not purchase food and cleaning supplies from
just one vendor. In order to get the lowest price, or for
convenience if the store was in the same shopping mall as Villa
Cabana, petitioners would purchase restaurant items at different
stores. Petitioners' 1994 transaction report indicates, however,
that petitioners purchased soda from only one commercial
restaurant supply vendor. Once again, the record does not
indicate that petitioners made any attempt to contact vendors in
order to substantiate food, restaurant supplies, or soda expenses
for 1994.
Though petitioners' 1994 transaction report lists expenses
for food, restaurant supplies, and soda in the amount of
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