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3. Whether AIM’s cost of goods sold for 1994 is $103,415,
as petitioners contend, or $85,883, as respondent contends. We
hold that it is $85,883.
4. Whether AIM may deduct $442 in 1994, $40 in 1995, and
$243 in 1996 for reimbursement of petitioner’s payments to high
school students for work they performed for AIM. We hold that it
may, and that these payments are not constructive dividends to
petitioner.
5. Whether AIM may deduct $236 in 1995 and $369 in 1996 for
reimbursement of petitioner’s golf expenses. We hold that it may
not, and that these payments are constructive dividends to
petitioner.
6. Whether AIM may deduct $288 in 1994, $390 in 1995, and
$322 in 1996 for reimbursement of petitioners’ payments of
employee meal expenses. We hold that it may, and that those
amounts are not constructive dividends to petitioner.
7. Whether AIM may deduct $4,200 in 1994 for Sherry M.
Boler’s (Mrs. Boler) travel expenses. We hold that it may not.
8. Whether AIM may deduct the following reimbursements paid
to petitioner in 1995: $1,254 recorded in AIM’s journal as GJ1
18308, $600 recorded as GJ1 00172, and $480 recorded as GJ1
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