T.C. Memo. 1995-521                                                                         
                                     UNITED STATES TAX COURT                                            
                   HARRY D. BLEDSOE AND ANNIE L. BLEDSOE, Petitioners v.                                
                         COMMISSIONER OF INTERNAL REVENUE, Respondent                                   
                  Docket No. 4572-93.                  Filed October 31, 1995.                          
                  Ted M. Riseling and Jeff K. Rhodes, for petitioners.                                  
                  Elizabeth Downs, for respondent.                                                      
                            MEMORANDUM FINDINGS OF FACT AND OPINION                                     
                  GERBER, Judge:  Respondent determined deficiencies in                                 
            petitioners' Federal income taxes, additions to tax, and a                                  
            penalty as follows:                                                                         
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