Sharewell, Inc. - Page 1
















                                 T.C. Memo. 1999-413                                  


                               UNITED STATES TAX COURT                                


                           SHAREWELL, INC., Petitioner v.                             
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 2909-95.                 Filed December 21, 1999.           


               Jordan H. Mintz and Morris R. Clark, for petitioner.                   
               Derek B. Matta, for respondent.                                        


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               GALE, Judge:  Respondent determined the following                      
          deficiencies in petitioner's Federal income taxes and the                   
          following accuracy-related penalties:                                       










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