T.C. Memo. 1996-186                                  
                               UNITED STATES TAX COURT                                
                PETERS, GAMM, WEST & VINCENT, INC., RICHARD L. WEST,                  
                JUDITH L. WEST, MARC A. VINCENT, DEBORAH S. VINCENT,                  
                   GARY L. GAMM AND CONNIE F. GAMM, Petitioners v.                    
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      
                   DON S. AND CONSTANCE J. PETERS, Petitioners v.                     
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      
               Docket Nos. 2722-93, 3735-94.       Filed April 17, 1996.              
               Thomas C. Triplett, for petitioners in docket No. 2722-93.             
               Jack D. Flesher, for petitioners in docket No. 3735-94.                
               Frank M. Schuler and Michael L. Boman, for respondent.                 
                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               K�RNER, Judge:  Respondent determined deficiencies,                    
          additions, and penalties with respect to petitioners' Federal               
          income taxes for the years and in the amounts as follows:                   
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