- Ag Docket
The petitioner claimed deductions for cost of goods sold. The petitioner installed flooring by using his own materials and with materials that his customers supplied. Some receipts had been lost in a flood, and others were simply missing. The IRS disallowed deductions that couldn't be substantiated and the court agreed with the IRS position. Nguyen v. Comr., T.C. Memo. 2014-199.
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