Bobby Lorn and Libby C. Claborn - Page 6




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          amounts of any deductions or credits claimed.  Sec. 6001; INDOPCO           
          Inc. v. Commissioner, 503 U.S. 79, 84 (1992); sec. 1.6001-1(a),             
          Income Tax Regs.                                                            
               Generally, the Court may allow for the deduction of a                  
          claimed expense (other than those subjected to the strict                   
          substantiation requirements of section 274) even where the                  
          taxpayer is unable to fully substantiate it, provided the Court             
          possesses an evidentiary basis for doing so.  Cohan v.                      
          Commissioner, 39 F.2d 540, 543-544 (2d Cir. 1930); Vanicek v.               
          Commissioner, 85 T.C. 731, 742-743 (1985); sec. 1.274-5T(a),                
          Temporary Income Tax Regs., 50 Fed. Reg. 46014 (Nov. 6, 1985).              
          In these instances, the Court is permitted to approximate the               
          allowable expense, bearing heavily against the taxpayer whose               
          inexactitude is of his or her own making.  Cohan v. Commissioner,           
          supra at 544.                                                               
          III.  Charitable Contributions                                              
               Section 170(a) allows for the deduction of charitable                  
          contributions made to or for the use of an organization described           
          in section 170(c) and verified as required by the statute and               
          corresponding regulations.  Section 170(f)(8) generally requires            
          a taxpayer claiming a charitable contribution deduction greater             
          than $250 to substantiate the deduction by obtaining a                      
          contemporaneous written acknowledgment of the contribution from             
          the charitable organization.  Under section 170(f)(8)(B)(i), that           







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