Union Ganadera Regional de Chihuahua, Inc. - Page 1
















                                 T.C. Memo. 2000-357                                   


                               UNITED STATES TAX COURT                                 


              UNION GANADERA REGIONAL DE CHIHUAHUA, INC., Petitioner v.                
          COMMISSIONER OF INTERNAL REVENUE, Respondent                                 


               Docket No. 12521-98.           Filed November 16, 2000.                 


               Elizabeth A. Copeland and Stanley L. Blend, for                         
          petitioner.                                                                  
               Elizabeth A. Owen, for respondent.                                      


                       MEMORANDUM FINDINGS OF FACT AND OPINION                         

               JACOBS, Judge:  Respondent made the following determinations,           
          which petitioner contests:                                                   











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