-6-
necessary business purposes and that any amount qualifies as a
business expense as specified under the provisions of the
Internal Revenue Code. Respondent, however, allowed petitioners
to deduct the following expenses as unreimbursed employee
expenses on Schedules A, Itemized Deductions:
Expense 2001 2002
Depreciation $518 -0-
Insurance 527 $827
Legal and professional 104 85
Office expenses 57 75
Supplies 324 152
Utilities -0- 1,334
Other expenses 407 785
Respondent did not allow petitioners any deduction for the
following expenses:
Expense 2001 2002
Car and truck $4,830 $3,362
Depreciation -0- 5,913
Insurance -0- 44
Repairs and maintenance 1,446 -0-
Travel 23,532 4,385
Meals and entertainment 3,103 3,810
Utilities 785 -0-
Petitioners timely filed a petition in this Court seeking
redetermination of the deficiencies.
Petitioners concede that they are not entitled to deduct the
$1,446 claimed for repairs and maintenance expenses in 2001.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: March 27, 2008