- 2 -
expenses claimed on Schedule C, Profit or Loss From Business,
beyond those allowed by respondent.
Background
The stipulation of facts and the accompanying exhibits are
incorporated herein by reference. Petitioners resided in
Clifton, New Jersey, at the time the petition in this case was
filed.
In 1996 petitioner Harout Gapikia (petitioner) was employed
as a car salesman by Bob Ciasulli Auto Mall, Inc. and Hudson
Toyota Inc. His combined wage income from these two employers
was $62,4151 in 1996. Petitioner also received $1,150 from
Toyota Motor Sales USA, Inc. in 1996 for selling extra items,
such as undercoating and alarm systems, to car buyers.
In addition, petitioner offered sales training programs to
car dealerships and attempted to arrange for the export of cars
to other countries. Petitioner, however, did not have any gross
receipts from these activities.
Petitioners filed a joint 1040, U.S. Individual Income Tax
Return, for their 1996 taxable year. Petitioners claimed the
following job expenses on their Schedule A:
1 All numbers have been rounded to the nearest dollar.
Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: May 25, 2011