David Dobrich and Naomi Dobrich - Page 1

                                 T.C. Memo. 1997-477                                  


                               UNITED STATES TAX COURT                                


                   DAVID DOBRICH AND NAOMI DOBRICH, Petitioners v.                    
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket Nos. 3832-95, 7382-96.        Filed October 20, 1997.           


               John M. Youngquist and Donald L. Feurzeig, for petitioners.            
               Daniel J. Parent, for respondent.                                      


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               GERBER, Judge:  Respondent determined deficiencies in                  
          petitioners' 1989 and 1990 Federal income tax in the amounts of             
          $1,111,292 and $1,111,320, respectively, and section 6663(a)1               


               1  Unless otherwise indicated, all section references are to           
          the Internal Revenue Code for the years in issue, and all Rule              
          references are to the Tax Court Rules of Practice and Procedure.            





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