Lack of Evidence Existed To Support Taxpayer Claims.

The petitioner operated a leasing business and an automobile salvage yard.  The IRS claimed that the petitioner overstated his gross receipts from the salvage yard, but the court determined that the evidence did not support that claim.  However, many of the petitioner's claimed business expenses, including travel expenses, were disallowed due to lack of substantiation of a business connection.  Safakish v. Comr., T.C. Memo. 2014-242. 

CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.

RSS​ Facebook Twitter