- 15 - workpapers include a schedule summarizing petitioner’s documentation of her Schedule C income and expenses by category and by year. That schedule shows, for each of the years at issue, preliminary figures, adjusting entries, and final figures for each category of income and expense. The workpapers also include a summary schedule for the years at issue showing the income and expense information used by Mr. Aunan to prepare petitioner’s Schedule C (including depreciation claimed), a workpaper entitled “Business Interest” that lists interest paid on petitioner’s credit cards, a depreciation schedule that shows how Mr. Aunan calculated the depreciation claimed on petitioner’s Schedules C, a workpaper entitled “Personal” that lists information regarding various Schedule A itemized deductions for each of the years at issue, a workpaper labeled “611 Dayton” relating to a rental property that petitioner owned and sold in 1987, and a Schedule C workpaper relating to the law practice of petitioner’s husband. 8(...continued) maintained that he could not tell how Mr. Aunan had combined petitioner’s expenses to arrive at the numbers reported on her income tax returns for the years at issue. Respondent’s claimed inability to understand how petitioner’s business expenses were categorized for return filing purposes led to the detailed listing of petitioner’s expense records without regard to actual reporting of the expenses on the relevant tax returns.Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Next
Last modified: May 25, 2011