Douglas R. and Jane E. Prince - Page 1

                                 T.C. Memo. 1997-324                                  


                               UNITED STATES TAX COURT                                


                    DOUGLAS R. AND JANE E. PRINCE, Petitioners v.                     
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      
                DOUGLAS R. PRINCE, D.D.S., M.S., P.C., Petitioner v.                  
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket Nos. 22467-93, 8457-94.1       Filed July 15, 1997.             
                                                                                     

               Richard M. Kates, for petitioners.                                     
               James S. Stanis, for respondent.                                       


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               WELLS, Judge:  Respondent determined deficiencies in and               
          additions to petitioners' Federal income tax as follows:                    


          1    These cases were consolidated for purposes of trial,                   
          briefing, and opinion.                                                      




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