- 11 - automobile, such as monthly oil changes, registration fees, parking citations, and fees for parking near his D.C. government office. Petitioner deducted cable subscription fees for his television, monthly fees for his telephone and pager, and the cost of various magazine subscriptions. Finally, petitioner has a history of starting projects that never become profitable. For 3 years before and 3 years after the year in issue, petitioner reported net losses from his claimed business activities as follows: Gross COGS & Net Year Activity Income Expenses Profit/Loss 1987 Management consulting, $495 $23,264.99 ($22,769.99) jewelry & products multilevel marketing 1988 Management consulting 649 25,071.00 (24,422.00) training development jewelry, & multilevel 1989 Management consulting 591 20,024.00 (19,433.00) training development jewelry, multilevel 1991 Minority issues & -0- 19,611.00 (19,611.00) management consulting 1992 Insurance marketing 530 18,830.00 (18,300.00) & planning (A.L. Williams) 1993 Computer programming -0- 10,344.00 (10,344.00) systems analysis, appli- cation development _____ __________ ____________ Total 2,265 117,144.99 (114,879.99)Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next
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