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G. Other Payments by AIM
AIM reimbursed petitioner $144 in 1994, $195 in 1995, and
$161 in 1996 for the cost of providing meals to AIM employees.
Neither petitioner nor Mrs. Boler ate any of those meals.
Petitioner did not play golf often, and he played only with
clients. Petitioner submitted claims to AIM for reimbursement
for one-half of the golfing fees he paid. He received $236 for
1995 and $369 for 1996.
Mrs. Boler used her car to run errands for AIM. In 1994,
AIM deducted $4,200 more than respondent allowed for travel
expenses by AIM employees. The record is silent as to whether
any AIM employees incurred travel expenses in 1994.
In 1995, AIM reimbursed petitioner $1,254, which is coded in
an AIM journal as GJ1 18308, $600 coded as GJ1 00172, and $480
coded as GJ1 00174. Petitioners did not indicate the purpose of
the payments. AIM deducted these amounts in 1995 as business
expenses.
AIM deducted interest expense of $24,416 for 1994, $24,840
for 1995, and $13,020 for 1996, and the Bolers reported those
amounts as interest income. Respondent disallowed interest
deductions of $16,599 in 1994, $21,460 in 1995, and $9,640 in
1996.
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