Donald R. Cooley and Cathy A. Cooley - Page 4

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               1991      Tax return               4/15/1992                           
               1991      1st amended return       7/8/1994                            
               1991      2nd amended return       1/23/1995                           
               1991      3rd amended return       7/22/1996                           
               1992      Tax return               4/15/1993                           
               1992      1st amended return       7/8/1994                            
               1992      2nd amended return       2/2/1995                            
               1992      3rd amended return      7/22/1996                            
               1993      Tax return               4/15/1994                           
               1993      1st amended return       7/11/1994                           
               1993      2nd amended return       2/1/1995                            
               1993      3rd amended return       7/22/1996                           
               Petitioners reported their total income and Schedule C gross           
          receipts on their tax returns for the years in issue, as follows:           
                                                       Schedule C Gross               
               Year               Total Income         Receipts1                      
          1989 Tax return     $87,508.67               $146,865.99                    
          1st amended return       168,578.07          206,576.31                     
          2nd amended return       173,691.86          212,534.90                     
          3rd amended return       186,846.86               -0-                       

          1990 Tax return     77,398.10                160,472.48                     
          1st amended return       159,052.72          201,668.98                     
          2nd amended return       176,100.86               -0-                       
          3rd amended return       197,600.86               -0-                       

          1991 Tax return     49,747.09                98,469.85                      
          1st amended return       92,458.05           119,761.49                     
          2nd amended return       92,997.98                -0-                       
          3rd amended return       114,947.98               -0-                       
          1For the entries marked “-0-", petitioners did not attach a                 
          separate Schedule C to the amended return.                                  











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