Lola Cowan - Page 3

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            Notwithstanding the scant record, based primarily on deemed                                  
            admissions, we find the following:                                                           
                  Petitioner resided in Issaquah, Washington, at the time she                            
            filed her petition.  She did not file a Federal income tax return                            
            for 1990.                                                                                    
                  During 1990, petitioner received the following amounts of                              
            income:                                                                                      
                  Wages from Issaquah School District No. 411.      $9,189                               

                  Savren Service Corp., arising from the sale of        76,750                           
                  property located at 27605 SE 196th Pl., Issaquah,                                      
                  Washington. (We are unable to ascertain from the                                       
                  record petitioner's basis in the property.)                                            
                  Dividend income from Nynex American Transtech.                18                       
                  Dividend income from American Telephone                   25                           
                  Telegraph Co.                                                                          
                  Dividend income from Southwestern Bell Corp.          16                               
                  Dividend income from Pacific Telesis Group.                   15                       
                  Dividend income from Bell Atlantic American               18                           
                  Transtech Co.                                                                          
                  Dividend income from Bellsouth American                   23                           
                  Transtech Co.                                                                          
                  Dividend income from Ameritech American                   18                           
                  Transtech Co.                                                                          
                  Dividend income from Ameritech American                   15                           
                  Transtech Co.                                                                          

                  Petitioner made no estimated tax payments during 1990, as                              
            required by section 6654.                                                                    





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