Edgar B. and Monica Alacan - Page 1

                                 T.C. Memo. 2005-63                                   

                               UNITED STATES TAX COURT                                

                     EDGAR B. AND MONICA ALACAN, Petitioners v.                       
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket No. 9088-02.                Filed March 30, 2005.               

               Edgar B. and Monica Alacan, pro sese.                                  
               Diana P. Hinton, for respondent.                                       

                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               HAINES, Judge:  Respondent determined a deficiency of                  
          $87,751 in petitioners’ Federal income tax for 1999.  The issues            
          for decision are: (1) Whether petitioners are entitled to claim             
          certain expenses as an exclusion from income and as deductions              
          for 1999; and (2) whether petitioners are liable for an increased           
          deficiency on the basis of a State income tax refund and interest           

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