Hisham N. Ashkouri & Ann C. Draper v. Commissioner

T.C. Memo. 2019-95

UNITED STATES TAX COURT HISHAM N. ASHKOURI AND ANN C. DRAPER, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 17514-15. Filed July 30, 2019. Ps' Federal income tax return for each of 2009, 2010, and 2011 included a Schedule C, Profit or Loss From Business, for a real estate development business P-H conducted. Each of P-H's Schedules C reported, among other expenses, payments to his wholly owned corporation (A) for marketing materials he used in pursuit of development projects. During 2010, A received payments from a client for a business plan prepared…