- 24 - was engaged in the actress-model activity with the requisite profit objective. Mrs. Richards managed some aspects of this activity in a businesslike fashion. She had an agent and kept a journal of her auditions and callbacks. Moreover, Mrs. Richards has a long history in the acting profession. She has been in numerous plays, commercials, television shows, and a few movies. 4. Actress-Model Expenses Expenses for the Academy Players Directory, agent fees, photo session, and duplicate photos are all ordinary and necessary expenses of an actress-model activity. Petitioners submitted documentation to show that they incurred these expenses in 1994, and, therefore, we find that petitioners are entitled to deductions of $60, $262, $267, and $231, respectively for these expenses. Petitioners claimed a deduction of $960 for miscellaneous expenses for hair and wig preparation, cosmetics, clothing, alterations, cleaning, supplies, fur coat storage, gifts, supplies, and meals. Petitioners did not offer any documentation or testimony on the breakdown of how much was spent on each item. Furthermore, some of these expenses are not deductible business expenses.6 Therefore, without any help from the record, we 6 It is well settled that clothing that is suitable for general or personal wear does not qualify as a business expense (continued...)Page: Previous 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Next
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