Eileen A. Akers - Page 3




                                        - 3 -                                         
                   Item           Deduction      Allowed Adjustment                  
          Investment interest    $17,378          $4,027    $13,351                   
          Sch. A misc.                                                                
          business expenses:                                                          
          Computer                 2,196          -0-       2,196                     
          Maintenance agreement         -0-          650        (100)                 
          Uranium 616 exp.         4,462          -0-       4,462                     
          Gold 616 exp.            5,621          -0-       5,621                     
          Union dues                 550          -0-         -0-                     
          Society dues               557          131         426                     
          Fees and rentals           521          521         -0-                     
          Pubs; tax advice         2,102          -0-       2,102                     
          Supplies                   261          261         -0-                     
          Education                  147          147         -0-                     
          Oil and gas              1,647          -0-       1,647                     
          Computer software        1,146          -0-       1,146                     
          Total                19,210        1,710      17,500                        
          Amort. Bond prem.        4,164          -0-       4,164                     
          Self-employed SEP        1,000          -0-       1,000                     
               For the miscellaneous business expenses reported for 2000,             
          the notice of deficiency mistakenly allowed only $709.                      
          Respondent agrees $1,710 is allowable, for a difference of                  
          $1,001.  Further, respondent agrees that union dues of $500 are             
          deductible in 2000.                                                         
               For the taxable year 2001, petitioner reported and                     
          respondent disallowed the following items:                                  














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