- 2 - The issues in this case are: (1) Whether petitioner is entitled to a Schedule C, Profit and Loss From Business, car and truck expense deduction beyond that which respondent allowed; (2) whether petitioner is entitled to a Schedule C depreciation expense deduction beyond that which respondent allowed; and (3) whether petitioner overstated Schedule C gross receipts.1 An adjustment to the self-employment tax and deduction therefor is computational and will be resolved by the Court’s holding on the issues in this case. Some of the facts have been stipulated and are so found. The stipulation of facts and the attached exhibits are incorporated herein by this reference. At the time the petition was filed, petitioner resided in Owings Mills, Maryland. Petitioner has a doctorate in education. During 1996, petitioner provided human resource consulting services through a business entity known as E. Clark and Associates, a sole proprietorship. Petitioner operated his business from his home. Petitioner rendered services to governmental agencies. These agencies issued purchase orders to petitioner. After completion of the job an invoice was sent to the agency for payment. 1 Petitioner raised an additional issue in his petition: Whether petitioner was entitled to Schedule A, Itemized Deductions, in lieu of the standard deduction. This issue was abandoned by petitioner at trial.Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: May 25, 2011