James H. Upchurch - Page 1

                                 T.C. Memo. 1996-441                                  


                               UNITED STATES TAX COURT                                


                          JAMES H. UPCHURCH, Petitioner v.                            
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 14784-88.               Filed September 26, 1996.           


               Robert E. Kovacevich, for petitioner.                                  
               James W. Clark and Keith Medleau, for respondent.                      


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               GERBER, Judge:  Respondent determined deficiencies in,                 
          additions to, and increased interest on Federal income tax for              
          petitioner's 1980, 1981, 1982, and 1983 taxable years as follows:           










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