- 16 -
We estimate this cost to be $40 and allow a deduction for tax
preparation fees in that amount.
Petitioners’ adjusted gross income for 2002 was $88,311. As
previously noted, see supra note 1, there is a 2-percent floor in
calculating the deduction for excess unreimbursed employee and
other miscellaneous expenses. Thus, petitioners may deduct only
their unreimbursed employee and other miscellaneous expenses that
exceed $1,766 (2 percent times $88,311). The amount of the
unreimbursed employee and other miscellaneous expenses that we
have found are deductible does not exceed that amount.
To reflect the foregoing and concessions by the parties,
Decision will be entered
under Rule 155.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Last modified: May 25, 2011