T.C. Memo. 1996-243                                   
                                UNITED STATES TAX COURT                                 
                          PAUL L. TREGRE, JR., Petitioner v.                            
                     COMMISSIONER OF INTERNAL REVENUE, Respondent                       
               Docket No.  5464-94.                     Filed May 23, 1996.             
               William C. Gambel and Julia M. Pearce, for petitioner.                   
               Kathleen O. Lier, for respondent.                                        
                       MEMORANDUM FINDINGS OF FACT AND OPINION                          
               WRIGHT, Judge:  Respondent determined deficiencies in and                
          additions to petitioner’s Federal income taxes as follows:1                   
               1Unless otherwise indicated, all section references are to               
          the Internal Revenue Code in effect for the years at issue, and               
          all Rule references are to the Tax Court Rules of Practice and                
          Procedure.                                                                    
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