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Article Date:
August 2007

Word Count:



Spreadsheets and Credit Card Receipts Not Close to Correct Evidence

Mila Alemasov and Victor Popov, wife and husband, worked together in a real estate finder business that they reported on Schedule C of their federal income tax return. This same year, Mila received a $400,000 settlement from the Bank of America related to her employment that ended the previous year. On their Schedule C for the real estate finder business, the couple reported zero income against expenses of $31,261, consisting of the following:






Car and truck








Other interest
















Meals and entertainment









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