Oscar R. Contreras - Page 12

                                       - 12 -                                         
          Sec. 1.274-5T(c)(1), Temporary Income Tax Regs., 50 Fed. Reg.               
          46016-46017 (Nov. 6, 1985).                                                 
               The elements that a taxpayer must prove with respect to any            
          listed property are:  (1)(a) The amount of each separate expendi-           
          ture with respect to such property and (b) the amount of each               
          business use based on the appropriate measure, e.g., mileage for            
          automobiles, of such property; (2) the time, i.e., the date of              
          the expenditure or use with respect to any such property; and               
          (3) the business purpose for an expenditure or use with respect             
          to such property.  Sec. 1.274-5T(b)(6), Temporary Income Tax                
          Regs., 50 Fed. Reg. 46016 (Nov. 6, 1985).                                   
               The elements that a taxpayer must prove with respect to an             
          expenditure for traveling away from home on business, including             
          expenditures relating to the use of such taxpayer’s automobile,             
          and for meals, are:  (1) The amount of each such expenditure for            
          traveling away from home, except that the daily cost of the                 
          traveler’s own breakfast, lunch, and dinner may be aggregated;              
          (2) the time of each such expenditure, i.e., the dates of depar-            
          ture and return for each trip away from home and the number of              
          days away from home spent on business; (3) the place of each such           
          expenditure, i.e., the destination or locality of travel, de-               
          scribed by name of city or town or other similar designation; and           
          (4) the business purpose of each such expenditure, i.e., the                
          business reason for the travel or the nature of the business                






Page:  Previous  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  Next

Last modified: May 25, 2011