Herschel H. and Roberta S. Hoopengarner - Page 1

                                 T.C. Memo. 2003-343                                  


                               UNITED STATES TAX COURT                                


               HERSCHEL H. AND ROBERTA S. HOOPENGARNER, Petitioners v.                
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket Nos. 7986-00, 9423-01.      Filed December 17, 2003.            

               James G. LeBloch, for petitioners.                                     
               Thomas J. Fernandez and Edwin Herrera, for respondent.                 


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               VASQUEZ, Judge:  Respondent determined deficiencies in,                
          additions to, and penalties on petitioners Herschel and Roberta             
          Hoopengarner’s (petitioners) income tax as follows:                         











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