- 3 -
certain deductions. Petitioner wife was employed by the Federal
National Mortgage Association as an analyst during 1993 and 1994.
The first issue for decision is whether petitioners are
entitled to trade or business expense deductions for 1993 and
1994 in excess of the amounts allowed and conceded by respondent.
On a Schedule C attached to petitioners' 1993 return,
petitioner reported gross income in the amount of $900 and
claimed expenses in the total amount of $21,642.46 with respect
to ADE. In the statutory notice of deficiency, respondent
disallowed any deductions for the claimed expenses. After
concessions by respondent, the following amounts remain in issue:
Expense Claimed Concessions In Issue
Advertising $420.00 - 0 - $420.00
Car & truck 9,504.00 - 0 - 9,504.00
Depreciation - 0 - 521.85 - 0 -
Insurance 829.40 - 0 - 829.40
Interest - 0 - 528.09 - 0 -
Legal services 295.00 - 0 - 295.00
Office expense 1,487.22 100.01 1,387.21
Rent or lease of
business property 936.00 383.13 552.87
Repairs 3,200.00 - 0 - 3,200.00
Supplies 490.84 32.15 458.69
Taxes & licenses 280.00 976.89 - 0 -
Travel 1,560.00 - 0 - 1,560.00
Meals & entertainment 960.00 - 0 - 960.00
Utilities 1,680.00 351.67 1,328.33
In addition to the amounts claimed on the 1993 Schedule C,
petitioners claimed Schedule A employee business expenses for
1993 in the total amount of $3,324, listed as follows:
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