- 158 -
Tax
Reported by petitioner $426
Determined by respondent $82,798
Self-employment Tax
Reported by petitioner $930
Determined by respondent $4,673
Earned Income Credit Recapture
Determined by respondent $382
1986:
Schedule C Income
Amount Reported Amount Determined Total Adjustment
$119,772 $659,361 $539,589
Deduction Allowed in
Description of Deduction Deduction Claimed Notice of Deficiency
Car and truck expenses $4,807 - 0 -
Commissions 6,922 - 0 -
County recording fee expense --- $351
Depreciation expense --- 8,579
Dues and publications 1,146 - 0 -
Engineering expense --- 6,380
Insurance 112 - 0 -
Interest:
Mortgage (paid to
financial institutions) --- - 0 -
Other 76,828 208,287
Legal and professional services11,031 16,870
Office expense 3,935 268
Repairs & maintenance 4,510 - 0 -
Taxes --- 63,588
Title insurance expense --- 159
Travel 3,505 - 0 -
Utilities and telephone 2,838 - 0 -
Total 115,634 304,482
Itemized deductions
Reported by petitioner ---
Determined by respondent $48
Personal Exemptions
Reported by petitioner (2)$2,080
Determined by respondent (2) $2,160
Page: Previous 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 NextLast modified: May 25, 2011