- 9 - D. Petitioners’ Tax Returns Petitioners asked to extend the times to file, deposited amounts with their requests, and filed their returns for the years in issue as follows: Date Date Tax Date of Amount of extension petitioners year request deposit granted to filed 1985 Apr. 15, 1986 $14,000 Aug. 15, 1986 Sept. 20, 1993 1987 Apr. 15, 1988 10,000 Aug. 15, 1988 Sept. 27, 1993 1989 Apr. 15, 1990 Aug. 15, 1990 1989 Aug. 15, 1990 Oct. 15, 1990 Oct. 1, 1993 1990 Apr. 15, 1991 7,000 Aug. 15, 1991 1990 Aug. 15, 1991 Sept. 16, 1991 Oct. 1, 1993 The following chart shows the amount of the depreciation and section 179 deductions that petitioners’ accountant calculated and that petitioners reported on Schedules C, Profit or (Loss) From Business or Profession, of petitioners’ returns for 1985, 1987, 1989, and 1990: Depreciation and Section 179 Deductions Accountant’s Petitioners’ Year schedules Schedules C 1985 $48,855 $51,308 1987 54,789 53,513 1989 47,693 53,413 1990 35,741 59,463 Petitioners filed their 1983 return in 1992 and their 1984, 1986, and 1988 returns in 1993. Petitioners claimed 3 months depreciation for the Ram Charger on their 1984 return. On Schedules E, Supplemental Income Schedule, of their Federal individual income tax returns for 1993, 1994, 1996, andPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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