- 3 -
Houston, Texas. Petitioner has a bachelor of science degree in
petroleum engineering and has been an employee of Conoco for over
27 years. Maria C. Gonzalez, petitioner’s spouse, was also
employed during the years at issue, earning wage and salary
income of $5,560 and $18,166, respectively, for the 2 years at
issue.
Petitioners are natives of Colombia, South America. Both
are U.S. citizens. Petitioners have maintained contacts with
their families and friends in Colombia.
For the years 2000 and 2001, petitioners included with their
Federal income tax returns Schedules C, Profit or Loss From
Business, related to an activity called Special Supply Co., with
the business purpose described as the “Export of Industrial
Supplies”. The income and expenses of the activity for the year
2000 were reported as follows:
Income -0-
Expenses:
Advertising $ 899
Car & truck expenses 12,245
Legal & professional 649
Office expenses 373
Travel 4,348
Other expenses 122,978
Total expenses $41,492
Loss ($41,492)
Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011