- 3 - On one Schedule C, petitioner was listed as the alleged “Notary and Text Editor” (editor Schedule C). On this Schedule C, petitioner reported gross receipts of $30,532 and claimed total deductions, as follows: Car and truck 4,000 Depreciation 2,000 Mortgage interest 500 Legal and professional services 50 Office 1,200 Repairs and maintenance 1,400 Supplies 250 Taxes and licenses 27 Travel 390 Utilities 200 Total deductions: $10,017 The $30,532 of gross receipts reported on this Schedule C consisted solely of the amount of wages reported on the Form W-2 issued by Collegiate Services. On another Schedule C, petitioner was listed as an “Adjunct Faculty Tutor” (tutor Schedule C). On this Schedule C, petitioner reported gross receipts of $4,200 and claimed depreciation and supplies expense deductions of $500 and $700, respectively. The $4,200 of gross receipts reported on this Schedule C consisted solely of the amount of wages reported on the Form W-2 issued by Carey College. Respondent disregarded petitioner’s activities as not engaged in for profit and disallowed the claimed Schedule C deductions. Although there are several legal theories under which petitioner’s deductions could be questioned, the Court hasPage: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
Last modified: May 25, 2011