- 7 -
1999 and as “computer programming” for 2000, and his business
activity code as 541510, signifying computer systems design and
related services. On each Schedule C, petitioner listed his
business address as the Syracuse address. Schedules C reflected
expenses of $11,712 and $152,416 for 1999 and 2000, respectively.
Expenses consisted of automobile expenses, depreciation,
insurance, other interest, legal and professional services,
office expense, rent or lease of vehicles, machinery and
equipment, supplies, taxes and licenses, travel, meals and
entertainment, and other expenses. “Other expenses” included
bank charges, telephone, other business telephone, continuing
education and training expenses, contract labor, fees, Internet
charges, dues and subscriptions, storage costs, Web site
maintenance, parking fees, postage, tolls, taxis, lodging, and
miscellaneous.
On each Schedule E, petitioner identified the Avon
condominium as rental real estate property. Schedules E
reflected expenses of $23,900 and $12,567 for 1999 and 2000,
respectively. The expenses consisted of management fees,
mortgage interest, repairs, supplies, taxes, and utilities.
In the notice of deficiency, respondent disallowed, as
relevant herein, the following:
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next
Last modified: May 25, 2011