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disclosed in the record.
Petitioner’s Methods of Paying Expenses
During 2000, petitioner maintained a personal checking
account that she used to pay personal expenses. In contrast,
petitioner did not maintain a separate checking account for
either of her businesses, nor did she pay any business expense
using her personal checking account. Rather, petitioner chose to
deal principally in cash, and occasionally in money orders, in
paying business expenses.
The record does not disclose what receipts, if any,
petitioner may have obtained when paying in cash.
Tropical Storm Allison
In June 2001, petitioner’s residence was damaged by Tropical
Storm Allison. Until her home was repaired, petitioner lived in
a travel trailer.
Petitioner’s Tax Return
For 2000, petitioner filed a Form 1040, U.S. Individual
Income Tax Return. Petitioner attached to her return a Schedule
C, Profit or Loss From Business, for her childcare business, and
a second Schedule C for her property maintenance and cleanup
business. On the Schedules C, petitioner reported gross income
in the aggregate amount of $92,092 and total expenses in the
aggregate amount of $74,179.
On the Schedule C for her childcare business, petitioner
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