Leo and Alla Goldberg - Page 4

                                         -4-                                          
          familiar with Internal Revenue Code provisions dealing with real            
          estate transactions.  He prepared petitioners' tax returns for              
          each of the years in issue.  Mrs. Goldberg signed the returns,              
          but petitioner did not go over the contents of the returns with             
          her nor did she review the returns line by line.                            
               Petitioners reported the receipt of the following amounts on           
          their 1988 return:                                                          
                    Rents                    $58,955                                  
                    Interest                 3,359                                    
                    Dividends                877                                      
                    Taxi                     19,500                                   
               Petitioners' 1990 and 1991 returns were received by the                
          Laguna Niguel District Office on October 18, 1991, and                      
          October 15, 1992, respectively.  Although each return indicated             
          that an extension of time to file had been obtained, each                   
          reported that no payment had been made with the extension                   
          request.                                                                    




















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