- 10 - On or about March 1, 1997, petitioners submitted an additional Form 1040 to the IRS for the 1993 taxable year with “Amended” written on the first page, as well as on several of the pages attached to the return (1993 “Amended” return). Petitioners reported a deduction for travel expenses of $29,978 on Form 2106. Petitioners also deducted $21,594 for travel expenses on the Schedule C for ISOA Consulting. Petitioners reported adjusted gross income on the four 1993 returns submitted to the IRS as follows: Adjusted Return gross income 1993 “Estimated” return $54,300 1993 Unsigned return 68,349 1993 Return 32,937 1993 “Amended” return 19,442 With the exception of the 1993 “Estimated” return which had no schedules or forms attached, each of the 1993 tax returns sent by petitioners to the IRS had double deducted expenses such as mortgage interest and real estate taxes. On the Schedules C for ISOA Consulting, which were attached to the 1993 returns, petitioners reported the following amounts:5 1993 1993 1993 “Unsigned” return Filed return “Amended” return Gross Income $27,953 $17,936 $9,576 Total Expenses (35,659) (40,707) (46,674) Net Loss (7,706) (22,771) (37,098) 5 There was no Schedule C attached to the 1993 “Estimated” return.Page: Previous 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 NextLast modified: November 10, 2007