- 5 - Lumina. It is unclear from the record on what the remaining $311 was spent. d. Office Expense Petitioners deducted office expenses of $2,099. Receipts show that they purchased a computer on March 28, 1998, for $1,917. Mr. Ferrada used it for his employment with Hi-Tec but was not required by Hi-Tec to purchase it. He also used the computer for his flashlight and concession stand activities. Petitioners also purchased a fax machine in January 1998, for $144.99. Mr. Ferrada purchased the fax machine to receive orders for the concession stand he purchased in May 1998. e. Rent/Lease: Vehicles, Machinery, Equipment Petitioners reported an expense of $11,180 which they classified as the rental or lease of vehicles, machinery, and equipment. Petitioners actually paid the $11,180 for the rental of an apartment in Lake Charles. f. Repairs and Maintenance Petitioners deducted $1,460 for repairs and maintenance which was performed on their vehicles. Petitioners did not provide any documentation of these expenditures. g. Supplies Petitioners deducted $11,517 for supplies for their concession stand. Petitioners did not provide any documentation of these expenditures.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
Last modified: May 25, 2011