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Respondent determined deficiencies in petitioner’s Federal
income taxes for 1995 and 1996 in the amounts of $21,583 and
$23,917, respectively. Respondent also determined that
petitioner is liable for accuracy-related penalties under
section 6662(a) for 1995 and 1996 in the amounts of $4,316 and
$4,783, respectively.
The issues for decision are as follows:
1. Whether petitioner underreported gross income on her
Schedules C for 1995 and 1996. We hold that she did for 1995
to the extent provided herein but that she did not for 1996.
2. Whether petitioner is entitled to net operating loss
deductions in 1995 and 1996. We hold that she is not.
3. Whether petitioner is entitled to deductions for “rent”
(automobile) in 1995 and 1996. We hold that she is not.
4. Whether petitioner is entitled to deductions for travel
in 1995 and 1996 in excess of the amounts allowed by
respondent. We hold that she is not.
5. Whether petitioner is entitled to deductions for “rent”
(office in the home) in 1995 and 1996. We hold that she is
not.
6. Whether petitioner is entitled to deductions for
telephone expense in 1995 and 1996. We hold that she is to the
extent provided herein.
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