Robert J. Damron - Page 6

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               Section 6001 requires generally that every person liable for           
          any tax keep such records, render such statements, make such                
          returns, and comply with such regulations as the Secretary may              
          from time to time prescribe.  Section 1.6001-1(a), Income Tax               
          Regs., provides, in pertinent part, that “any person subject to             
          tax under subtitle A of the Code * * *, shall keep such permanent           
          books of account or records, including inventories, as are                  
          sufficient to establish the amount of gross income, deductions,             
          credits, or other matters required to be shown by such person in            
          any return of such tax”.                                                    
               After careful consideration of the evidence presented,                 
          including petitioner’s testimony and the concessions by                     
          respondent, the Court is not inclined to go beyond what                     
          respondent has conceded.  Accordingly, this Court holds that                
          petitioner is not entitled to any deductions in excess of the               
          amounts allowed and conceded by respondent.                                 
               Reviewed and adopted as the report of the Small Tax Case               
          Division.                                                                   


          Decision will be entered                                                    
                         under Rule 155.                                              











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