Ingram v. Department of Revenue, Tc-Md 060569b (or.tax 3-5-2008)

DECISION

Plaintiffs appeal concerning personal income tax matters for the three tax years 2002, 2003, and 2004.

Prior to trial, the parties agreed to certain items.1 First, Defendant will reverse the 2002 and 2003 Schedule C adjustments. Second, no additional expenses above those originally reported will be allowed. Third, for 2004, the amount of Plaintiffs' loans to the family corporation were in the amount of $91,762.

The sole issue argued at trial was whether those loans should be characterized as business or non-business bad debt for the 2004 tax year.

A trial was held in this matter. Dean…