Tolbert S. Wilkinson and Suzanne T. Wilkinson - Page 1

          T.C. Memo. 1996-39                                                          



          UNITED STATES TAX COURT                                                     


            TOLBERT S. WILKINSON AND SUZANNE T. WILKINSON, Petitioners v.             
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 14862-93.               Filed February 1, 1996.             


               Irwin D. Zucker, for petitioners.                                      
               Gerald L. Brantley, for respondent.                                    


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               K�RNER, Judge:  Respondent determined deficiencies and                 
          penalties with respect to petitioners' Federal income taxes for             
          the years and in the amounts as follows:                                    
          Penalty                                                                     
               Year                Deficiency          Sec. 6662(a)                   
               1989                $36,896             $7,379                         
               1990                31,212              6,242                          






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