Theodore L. Sizelove, Sr. and Elaine J. Sizelove - Page 4




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               During 2004, Mr. Sizelove was employed as a liquor store               
          clerk and served as the president of a nonprofit social                     
          organization from which he derived no salary.  Petitioners                  
          claimed a $1,200 deduction (based on $100 per month) for the                
          business use of their home.  Mr. Sizelove used a second bedroom             
          as a home office for the club and to store its artifacts and                
          records.                                                                    
               Additionally, petitioners claimed a $4,441.15 deduction for            
          vehicle expenses attributable to the club and Mr. Sizelove’s                
          employment with the liquor store.  The $4,441.15 figure consists            
          of $2,619.43 in actual vehicle expenses based on a 38-percent               
          “percentage of business use” and a $1,821.72 depreciation                   
          deduction.  The $2,619.43 in actual vehicle expenses includes 38            
          percent of the $2,099.24 claimed as expenditures for gas,                   
          repairs, and insurance1 plus $1,821.72 in depreciation.                     
          Petitioners claimed the same depreciation deduction twice.                  







               1 Petitioners listed the following expenditures on an                  
          attachment to their Form 2106, Employee Business Expenses:                  
                    Gas $75 per month x 12        $900.00                             
                    Repairs per year              587.24                              
                    Insurance per year             612.00                             
                    Total                         2,099.24                            
                                                                                     






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Last modified: March 27, 2008