Jerry S. Payne - Page 33

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          petitioner failed to substantiate to any degree the Schedule C              
          deductions for parking fees and bad debts discussed in section              
          IV, supra, we sustain the negligence penalty with respect to the            
          underpayment attributable to respondent’s denial of those                   
          deductions.  See Higbee v. Commissioner, 116 T.C. 438, 449                  
          (2001); see also Perrah v. Commissioner, T.C. Memo. 2002-283.               

                                                  Decision will be entered            
                                             under Rule 155.                          

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