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Petitioners presented as evidence receipts for travel
expenses for the writing/lecturing business in 1994. However,
respondent’s concessions took into account this additional
substantiation. No evidence was presented for the travel
expenses for this business in 1995.
Petitioners presented a credit card statement showing costs
relating to a Caribbean cruise, purportedly a travel expense
related to the travel/writing/consulting business. However, they
failed to provide an adequate explanation as to how this expense
was a business expense, and in its absence we find instead that
it was a nondeductible personal expense. Finally, petitioners
presented no evidence substantiating the deduction for “other
expenses” claimed for this business.
We sustain respondent’s determinations with respect to the
items at issue, as modified by the various concessions.
Reviewed and adopted as the report of the Small Tax Case
Division.
To reflect the foregoing,
Decision will be entered
under Rule 155.
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Last modified: May 25, 2011