- 15 - method authorized by the Code and consistently applied, petitioner does not argue that a method contrary to law is nonetheless acceptable so long as it has been consistently applied. We therefore hold that petitioner is not entitled to currently deduct license and insurance expenses allocable to the following taxable year. Respondent’s determination of a deficiency with respect to petitioner’s 1993 taxable year is sustained. To reflect the foregoing, Decision will be entered under Rule 155.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Last modified: May 25, 2011