- 4 - interest paid on her and petitioner’s house for taxable year 2002 of $6,458. During the years in issue, Ms. Lewis was a self-employed cosmetologist. Also, during the years in issue, petitioner was employed as a truck driver by Wilson Trucking Corporation. Petitioner received wage income from Wilson Trucking Corporation for taxable years 2000, 2001, and 2002, of $40,816, $34,904, and $41,035, respectively. Further, during the years in issue, petitioner operated a hair cutting and beauty salon business known as “Your Future Style”. Sometime in 1997, Ms. Lewis started a business known as “Kiddy Cuts and Styles”. During 1998, Ms. Lewis ceased business operations of “Kiddy Cuts and Styles”. Shortly after Ms. Lewis discontinued her existing business, in May 1998, petitioner started his business named “Your Future Style” (the business). Petitioner leased a commercial unit in Leesburg Plaza (commercial space), which was located in Columbia, South Carolina. Petitioner and Ms. Lewis’s names were both on the commercial lease contract and the phone bills for the business. The utility bills relating to the business were in the name of and addressed to “Paula B. Adams[3] Doing Business As Kiddy Cuts & Style”. 3The Court assumes that Paula B. Adams is Ms. Lewis’s maiden name.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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