- 4 - the articles he wrote during his trip in 1997. Handyman Activity In 1993 or 1994 petitioner began performing various handyman services for compensation. Petitioner’s business card bears the caption “Home Services” and advertises that petitioner performs window washing, landscaping, gardening, trash removal, planting, and yard work. Tax Return On the Schedule C, Profit or Loss From Business, of their 1997 Federal income tax return, petitioners grouped petitioner’s writing activity and his handyman activity as a single business: GARDENING SERVICE/TRAVEL WRITER. They reported the following items on their Schedule C: Income Gross receipts -- Cost of goods sold -- Gross income1 $370 Expenses Advertising $184 Office expense 118 Repairs and maintenance 455 Supplies 146 Taxes and licenses 20 Travel 6,768 Meals and entertainment2 1,527 Utilities 120 Other expenses3 3,764 Total expenses 13,102 Tentative loss (12,732) Net loss4 -- 1 All of the reported gross income derived from petitioner’s handyman activity. 2 Petitioners reported meals and entertainment expenses ofPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011