David W. Hill - Page 1

                                 T.C. Memo. 1997-425                                  


                               UNITED STATES TAX COURT                                


                            DAVID W. HILL, Petitioner v.                              
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 20815-95.              Filed September 22, 1997.            


               Glen A. Stankee, for petitioner.                                       
               William B. McCarthy, for respondent.                                   


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               RUWE, Judge:  Respondent determined deficiencies in                    
          petitioner's Federal income taxes and fraud penalties as follows:           

          Penalty                                                                     
          Year         Deficiency         Sec. 6663(a)                                
          1989          ($953.00)          $33,753.00                                 
          1990           (241.00)           16,511.25                                 
          1991          2,640.83            44,903.12                                 





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