Akin Falodun - Page 5




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                    Gifts by cash or check        $ 4,356                             
                    Other than by cash or check     8,565                             
                    $12,921                                                           
               In support of his claimed deduction of the latter category,            
          petitioner attached to his return a Form 8283, Noncash Charitable           
          Contributions, reporting therein the following three categories             
          of donated property, which we reproduce literally, and the                  
          associated donee organizations:                                             
          “A”     GOLD  CLOTHES  APPLI  TOYATV     Nat’l Children’s Center, Adelphi, MD
          “B”     SHOE RACK  TV  VCR  BOGSCLOT     Salvation Army, Gaithersburg, MD   
          “C”     5LEATHERCASE  1000CUPS  DTS      Salvation Army, Hyattsville, MD    
          Petitioner then provided the following information regarding each           
          of these three categories of donated property:                              

               Category   Date of the   Date acquired  How aquired  Donor’s cost  Fair market  Method used
               contribution  by donor       by donor     or adjusted     value     to determine
                                                  basis               fmv             
            “A”       8/8/2003       5/1/2000     Purchased$4,512    $3,488          MPV       
               “B”       8/12/2003      5/1/2001     Purchased4,511     2,500          MPV        
               “C”       8/12/2002[1]    5/1/2001        MPV[2]2,577     2,577       Purchased     
               Total                    $8,565                                        
               1 Presumably, a typographical error made on the form.                  
               2 Not further explained on the form.                                   
          Unreimbursed Employee Expenses                                              
               As previously indicated, petitioner also claimed on Schedule           
          A a deduction for unreimbursed employee expenses consisting of a            
          vehicle expense of $10,348 (prior to diminution by the 2-percent            
          floor prescribed by section 67).  In support of this deduction,             
          petitioner attached to his return a Form 2106, Employee Business            











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Last modified: March 27, 2008