Michael Davon Westbrook - Page 6

                                        - 5 -                                         
          Commissioner, 503 U.S. 79, 84 (1992); Interstate Transit Lines v.           
          Commissioner, 319 U.S. 590, 593 (1943); Deputy v. du Pont, 308              
          U.S. 488, 493 (1940); New Colonial Ice Co. v. Helvering, 292 U.S.           
          435, 440 (1934).                                                            
          Job Expenses and Other Miscellaneous Itemized Deductions                    
               Section 162(a) provides that a taxpayer may deduct all                 
          ordinary and necessary expenses paid or incurred during the                 
          taxable year in carrying on any trade or business, including the            
          trade or business of being an employee.  Kurkjian v.                        
          Commissioner, 65 T.C. 862, 869 (1976).  Expenditures for                    
          personal, living, or family expenses are not allowable as                   
          deductions.  See sec. 262(a).                                               
               On his 2000 Schedule A, petitioner claimed a job expenses              
          deduction and other miscellaneous itemized deductions of $1,290             
          and $7,575, respectively.  These deductions include expenses for            
          postage, journals, checking account fees, a laptop, a scanner,              
          and a digital camera incurred by petitioner in connection with              
          Suffola’s business activity.                                                
               A corporation is treated as a separate entity from its                 
          shareholders for tax purposes.  Moline Props., Inc. v.                      
          Commissioner, 319 U.S. 436 (1943).  The voluntary payment of                
          corporate expenses by officers, employees, or shareholders may              
          not be deducted on the taxpayer’s individual return.  Deputy v.             
          du Pont, supra at 494; Noland v. Commissioner, 269 F.2d 108 (4th            






Page:  Previous  1  2  3  4  5  6  7  8  9  10  Next

Last modified: May 25, 2011