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Hopkins County, Texas, Property Tax Appraiser. All of these fees
were paid to petitioner’s attorney, Clinton J. Wofford.
4. Office supplies--$449.13 in office supplies which were
for use in Craft-Barnett.
5. Dues and subscriptions--these expenses were used to
acquire newspapers and similar publications to review lots and
houses for Craft-Barnett.
6. Post office box rental expense--used as the official
mailing address for Craft-Barnett, Abilene Investment Properties,
and ROC FLP.
Petitioner did not report any income for 2001 on the
Schedule C. For 2001, he reported his $50,000 salary from Craft-
Barnett on line 7 of Form 1040, U.S. Individual Income Tax
Return, and his share of the income from Craft-Barnett on
Schedule E, Supplemental Income and Loss.
Craft-Barnett adopted a resolution requiring petitioner and
Barnett, as vice president and president of the corporation
respectively, to incur expenses as may be necessary or required
and stating that they shall not be reimbursed by Craft-Barnett
for these expenses. The resolution states that petitioner “shall
also be responsible for supplying office space and his own
vehicle for his business services and shall not be reimbursed
therefor by the Corporation.”
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Last modified: May 25, 2011