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Petitioner did not have a separate office to conduct his
consulting activity. Rather, petitioner asserts that he met
clients at restaurants and that he used space in his home to
prepare client presentations and to perform administrative tasks.
Petitioner further contends that he rented space to store the
activity's records. Petitioner failed to present the records at
trial. Instead, petitioner testified that he has discarded the
activity's records. Petitioner did not maintain a separate
business telephone line or a separate business bank account.
On the Schedule C attached to his 1996 Federal income tax
return, petitioner listed his business activity as "Instructor".
For 1996, petitioner reported gross receipts for the consulting
activity in the amount of $1,563 and claimed the following
deductions:
Expenses
Advertising $650
Car & truck 7,327
Depreciation 6,201
Legal & prof. services 275
Office expense 773
Repairs & maintenance 529
Supplies 27
Travel 1,511
50% meals & entertainment 2,101
Business gifts 203
Cleaning 138
Demos, training 507
Dues, publications 473
Educational supp. 150
Field accommodations 175
Incentive/awards 425
Postage 102
Storage 1,249
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Last modified: May 25, 2011