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2010 TC Summary 77

2010 TC Summary 77

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Published by: taxcrunch on Jun 17, 2010
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06/17/2010

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PURSUANT TO INTERNAL REVENUE CODESECTION 7463(b),THIS OPINION MAY NOTBE TREATED AS PRECEDENT FOR ANYOTHER CASE. 
 
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Unless otherwise indicated, all section references are tothe Internal Revenue Code as in effect for the year in issue, andall Rule references are to the Tax Court Rules of Practice andProcedure.T.C. Summary Opinion 2010-77UNITED STATES TAX COURTMING ZENG, Petitioner v.COMMISSIONER OF INTERNAL REVENUE, RespondentDocket No. 18492-08S. Filed June 17, 2010.Ming Zeng, pro se.Nancy P. Klingshirn, for respondent.RUWE, Judge: This case was heard pursuant to the provisionsof section 7463
1
of the Internal Revenue Code in effect when thepetition was filed. Pursuant to section 7463(b), the decision to
 
- 2 -be entered is not reviewable by any other court, and this opinionshall not be treated as precedent for any other case.Respondent determined a $2,256 deficiency in petitioner’s2005 Federal income tax. We must decide: (1) Whether petitioneris entitled to a deduction claimed on Schedule C, Profit or LossFrom Business, for meals and entertainment expenses of $312; (2)whether petitioner is entitled to a Schedule C deduction fortravel expenses of $3,850; and (3) whether petitioner is entitledto a Schedule C deduction for car and truck expenses of $2,283.BackgroundSome of the facts have been stipulated and are so found.The stipulation of facts and the attached exhibits areincorporated herein by reference.At the time the petition was filed, petitioner resided inOhio.Petitioner is a trained oncologist and cancer researcher.In 2004 petitioner began a consulting business that he namedZymenn, Inc. The objectives of his consulting business were totransfer retired medical equipment from the United States toChina and to train medical personnel from China.On his timely filed 2005 Form 1040, U.S. Individual IncomeTax Return, petitioner reported wage income of $288,276.Included with petitioner’s Form 1040 was a Schedule C wherein hereported a net loss of $12,110 from Zymenn, Inc. Petitioner

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