Fred J. Pettid - Page 1




                                                                                     









                                 T.C. Memo. 1999-126                                  


                               UNITED STATES TAX COURT                                


                            FRED J. PETTID, Petitioner v.                             
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


                  Docket No. 3716-97.              Filed April 16, 1999.              


                  James R. Brown and Thomas R. Brown, for petitioner.                 
                  Henry N. Carriger and Albert B. Kerkhove, for                       
             respondent.                                                              


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
                  WHALEN, Judge:  Respondent determined the following                 
             deficiencies in petitioner's Federal income tax for the                  
             years in issue:                                                          










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