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Petitioner prepared a computer-generated spreadsheet listing
19 categories of business expenses. Petitioner provided at trial
copies of 18 checks written between January and April 2003,
miscellaneous credit card records, bank statements, and receipts
as substantiation for Schedule C expenses. After reviewing
petitioner’s evidence, respondent conceded that he has
substantiated $8,106 of business expenses in 2003: Advertising
expense of $575, commissions and fees of $75, office expense of
$2,613, supplies expense of $1,221, taxes and license fees of
$325, utilities expense of $2,306, and $991 for legal and
professional services.
Petitioner offered no substantiation for his business
expense categories denominated as donations, “mortgage”, and
consulting. Petitioner offered two monthly receipts for
telephone expenses that state that they are for his residential
line, a type of personal expense. Sec. 262(b).
Other categories of expenses listed on petitioner’s spread
sheet included those of “Vehicle”, “Ins.”, Travel, “Tr. Meals”,
Meals, and “Entert.” Petitioner’s evidence included billing
statements reflecting lease payments to Ford Credit for a truck
and payments for automobile insurance to Safeco Insurance Co. He
also produced a receipt for a hotel stay at the Sahara Hotel and
Casino in Las Vegas and a computer printout of an Orbitz
reservation for a trip to Houston.
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Last modified: November 10, 2007