- 6 -
Depreciation and sec. 179 3,901 2,422
Interest 317 -0-
Legal and professional services 500 100
Office expense 591 893
Repairs and maintenance 565 177
Supplies 1,940 1,230
Travel -0- 220
Meals and entertainment [50%] 604 424
Utilities 788 1,024
Other expenses1 2,296 2,515
Total expenses 15,219 214,276
Total net losses (14,993) (213,876)
1The “Other expenses” claimed for 1996 were:
Cont. ed., books, and journals $692
Dues and subscriptions 72
Licenses and permits 145
Promotional items 487
Telephone 737
Uniforms and laundry 163
The “Other expenses” claimed for 1997 were:
Dues and publications $285
Miscellaneous 50
Parking 22
Postage, etc. 445
Printing 66
Tools 560
Sales and marketing 665
Promotional efforts 422
2Petitioners actually reported total expenses of
$14,296 and total net losses of $13,896, and the slight
mathematical errors have been corrected.
Respondent concedes that petitioners incurred and paid all
of the expenses listed on their Schedules C for Brown Enterprises
during the years in issue.
Respondent disallowed the Schedule C losses on the ground
that petitioners did not establish that their mining activity
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Last modified: May 25, 2011