Paul L. Caron

Tuesday, December 21, 2004

86-Year Old Attorney Denied Business Expense Deduction


In Sax v. Commissioner, T.C. Summary Opinion 2004-171 (12/20/04), the Tax Court denied a $29,000 business expense deduction claimed by an 86-year old Los Angeles attorney for lack of substantiation.

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Deduct This! After reading the case, we think the pro se Respondent would be wise not to take his own legal advice on tax matters. Per TaxProfBlog: In Sax v. Commissioner, [Read More]

Tracked on Dec 22, 2004 10:27:41 AM