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$30,283.07 for 1990, 1991, and 1992, respectively. In support
thereof, petitioner proffers copies of checks from the “Alviso
Rock/HK Racing” bank account, copies of bank account statements,
and invoices. No one other than petitioner testified about this
endeavor or the purported expenses. From the evidence provided,
we are unable to determine whether the expenses detailed in the
invoices were for the benefit of petitioner’s racing business or
for one of his related businesses. Nearly all the invoices are
made to “Alviso Rock”.
(ii). Petitioner Does Not Sustain His Adjustments
to Reconstructed Income
We are unable to sustain petitioner’s alleged unclaimed
expense deductions to the income that respondent reconstructed.
Petitioner fails to provide sufficient evidence to support the
expense deductions he claims for the years at issue. Petitioner
failed to offer the testimony of any of the payees of his checks
to support his allegations. The only evidence he has provided
are photocopies of checks, some invoices, and his trial
testimony. We find petitioner’s testimony self-serving, vague,
and not persuasive. “It is well settled that we are not required
to accept petitioner’s self-serving testimony in the absence of
corroborating evidence.” Jacoby v. Commissioner, T.C. Memo.
1994-612 (citing Lerch v. Commissioner, 877 F.2d 624, 631-632
(7th Cir. 1989), affg. T.C. Memo. 1987-295); see Geiger v.
Commissioner, 440 F.2d 688, 689 (9th Cir. 1971), affg. per curiam
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