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Taxes & Licenses for 1993 and 1994
For 1993, the parties stipulated that petitioners are
entitled to a deduction in the amount of $976.89 for taxes paid
on their condominium unit. For 1994, respondent allowed
petitioners a deduction in the amount of $1,680.88 for taxes paid
on their condominium unit. Petitioners did not dispute these
amounts at trial. Petitioner also produced a check which shows
that he paid $20 for his professional engineering license during
1994. We therefore hold that petitioners are entitled to
deductions for 1993 and 1994 for taxes and licenses in the
amounts of $977 and $1,701, respectively.
Travel for 1993 and 1994
Petitioner traveled to Korea for business purposes during
1993 and 1994. We find that petitioners have substantiated only
the costs of petitioner's airfares to and from Korea. We find
that petitioner's testimony and supporting records with respect
to his other claimed travel expenses do not meet the
substantiation requirements of section 274(d). We hold that
petitioners are entitled to deductions for 1993 and 1994 for
travel expenses in the amounts of $1,172 and $820, respectively.
Meals and Entertainment for 1993 and 1994
We find that petitioners have failed to substantiate the
meals and entertainment expenses claimed for 1993 and 1994. We
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