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petitioner’s occupation as mechanic and Michael J. Brady of the
“MICHAEL J. BRADY ACCTY CORP” as the paid preparer of that
return.
The 1995 return reported the following items and amounts of
income or loss on page 1 on the lines indicated:
Line on Page 1
Item of Income or Loss of 1995 Return Amount
Wages, salaries, tips, etc. 7 $59,192
Taxable interest income 8a 165
Business income or (loss) 12 (40,439)
Unemployment compensation 19 2,501
Net operating loss (NOL) carry- 21 (20,550)
over to 1995
The 1995 return reported on page 1, on lines 22 and 31, respec-
tively, “total income” and “adjusted gross income” of $869.
The 1995 return included Schedule A, Itemized Deductions
(Schedule A), lines 20 through 26 of which were entitled “Job
Expenses and Most Other Miscellaneous Deductions” (job-expense
section). The 1995 return claimed on line 20 of Schedule A,
entitled “Unreimbursed employee expenses”, (1) $1,936 for “UNION
AND PROFESSIONAL DUES” and (2) $11,580 “FROM FORM 2106". Form
2106, Employee Business Expenses (Form 2106), attached to the
1995 return listed the following claimed expenses on the lines
indicated:
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Last modified: May 25, 2011