- 7 - and did an estate out there when my cousin died.” He went to Florida as a “process server and served my ex son-in-law some papers”. He helped “several old folks” in Texas with Social Security and “got them food stamps and a little money and their medical services.” He helped another person get veteran’s benefits. Petitioner is not licensed to practice law. Furthermore, he has no records concerning these activities, and there is no indication of what, if any, income petitioner derived from these endeavors. Second, with regard to the construction activity, petitioner testified that he had closed that activity before the year 2000. While there is some indication that some work was done on his in-laws’ residence, petitioner’s role in that work is unspecified. Most of the deductions claimed for expenses are patently without legal bases.3 Petitioner claimed deductions for boat expenses, but he has no records to support any business use of the boat. He has no logs or any other documentation showing the business use of any automobiles that satisfy the requirements of section 274(d).4 Moreover, he deducted both actual expenses and 3 The provisions of sec. 7491(a)(1) do not apply. Petitioners have not satisfied the record-keeping requirements of sec. 7491(a)(2). 4 Respondent, however, did allow a deduction for automobile expenses based on mileage that includes an element of the cost of insurance.Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011