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
Page: 1 2 3 4 5 6 7 Next
Last modified: May 25, 2011