- 9 -
These amounts rarely changed and very few indicated a customer
was involved. There are a lot of numbers next to the entries for
demo rides, but there is no indication as to what these numbers
mean. We also note that there were numerous entries for “BRK 15"
which petitioner stated meant that he was dealing with
individuals from the military barracks on the island. We find it
incredible that nearly every time petitioner dealt with a person
from the barracks, it cost him $15. Therefore, petitioner is
limited to a deduction for the meals expenses identified above.3
Petitioner also claimed a deduction for tax preparation of
$200 as a miscellaneous deduction on Schedule A. Petitioner
admitted that he did not incur a $200 expense for tax preparation
in 1993, since he had his 1992, 1993, 1994, and 1995 returns
prepared in 1996. Accordingly, since there was no tax
preparation expense incurred in 1993, petitioner is not entitled
to claim such a deduction.
Section 6651(a)(1)
Petitioner did not file his 1991 return because he did not
receive a Form W-2 from his employer. Petitioner did not file
any subsequent returns because a coworker allegedly told him he
could not file any returns until the 1991 return was filed.
3 We also note that all expenses allowed are subject to the
2 percent of AGI limitation pursuant to sec. 67(a).
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
Last modified: May 25, 2011