- 16 - CPSG, Inc. 240,000 Walker Interactive Systems3 16,000 Uniplex Software Systems, Inc. 75,000 Granite Bay Montessori reimbursements 1,591 Miscellaneous 86 TOTAL 194,317 1 Petitioner submitted expense reports to CPSG, Inc. for his travel and other expenses that he incurred on its behalf and CPSG, Inc. reimbursed him for these expenses. 2 The $40,000 was for a charitable contribution made by CPSG, Inc. on behalf of petitioner. 3 Petitioner was a member of the board of directors of Walker Interactive Systems. The receipts reported for CPSG Ventures for 1995 on petitioners’ Schedule C consisted of the following items: CPSG, Inc. reimbursements $53,187 Walker Interactive Systems 10,500 Airline ticket refund 3,878 TOTAL 67,565 The receipts reported for CPSG Ventures for 1996 on petitioners’ Schedule C consisted of the following items: CPSG, Inc. reimbursements $53,618 Walker Interactive Systems 18,500 TOTAL 72,118 Petitioners claimed as deductions the following expenses on their Schedules C for CPSG Ventures for the taxable years listed: Description 1994 1995 1996 Depreciation $5,017 $10,053 -0- Car & truck -- 5,799 $5,807 Interest 386 -- -- Legal/professional 1,374 79 30 Office expense 905 -- 202 Supplies 970 865 12,604 Travel 54,644 -- 41,870 Meals 2,353 4,439 1,900 Utilities 9,995 9,457 16,861 Auto-Std rate 4,133 -- -- Auto taxes 104 -- -- Miscellaneous -- 220 75 TOTAL 79,881 30,912 79,349Page: Previous 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Next
Last modified: May 25, 2011