-2- Respondent determined a deficiency in petitioners' Federal income tax for the taxable year 1993 in the amount of $2,958. After concessions by respondent, the issues for decision, which essentially involve substantiation, are as follows: (1) Whether petitioners are entitled to a deduction for automobile expense in excess of the amount allowed by respondent; (2) whether petitioners are entitled to a deduction for insurance expense in excess of the amount allowed by respondent; (3) whether petitioners are entitled to a deduction for legal expense in the amount of $1,300; (4) whether petitioners are entitled to a deduction for the lease of an automobile in the amount of $1,525; (5) whether petitioners are entitled to a deduction for rent on business property in excess of the amount allowed by respondent; (6) whether petitioners are entitled to a deduction for repairs and maintenance in the amount of $2,338; and (7) whether petitioners are entitled to a deduction for supplies in excess of the amount allowed by respondent. The amount of petitioners' liability for self-employment tax and the amount of the deduction under section 164(f) to which petitioners are entitled are mechanical matters, the resolution 1(...continued) issue, and all Rule references are to the Tax Court Rules of Practice and Procedure.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011