David D. Parrish - Page 1

                                 T.C. Memo. 1997-474                                  


                               UNITED STATES TAX COURT                                


                           DAVID D. PARRISH, Petitioner v.                            
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No.  21508-95.             Filed October 20, 1997.              


               Declan J. O'Donnell, for petitioner.                                   
               Loren B. Mark, for respondent.                                         


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               FOLEY, Judge:  Respondent determined the following                     
          deficiencies, additions to tax, and accuracy-related penalties              
          relating to petitioner's Federal income taxes:                              
                                   Additions to Tax              Penalty              
          Year      Deficiency     Sec. 6651(a)   Sec. 6653(a)   Sec. 6662            
          1988      $25,257        $5,564         $1,263         --                   
          1989      115,540        28,825         --             $23,108              





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