Eric D. Fultz and Sandra A. Fultz - Page 1

                                 T.C. Memo. 2005-45                                   


                               UNITED STATES TAX COURT                                


                  ERIC D. FULTZ AND SANDRA A. FULTZ, Petitioners v.                   
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 4847-00.             Filed March 10, 2005.                  

               Jon J. Jensen, for petitioners.                                        
               Blaine Holiday, for respondent.                                        


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               GOEKE, Judge:  Petitioners petitioned the Court to                     
          redetermine deficiencies respondent determined in their Federal             
          income taxes for 1994 and 1995 of $2,311 and $3,705,                        
          respectively.  Some of the adjustments in respondent’s original             









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