Anthony J. Marzullo and Mary P. Marzullo - Page 1

                                 T.C. Memo. 1997-261                                  


                               UNITED STATES TAX COURT                                


              ANTHONY J. MARZULLO AND MARY P. MARZULLO, Petitioners v.                
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 15219-94.                      Filed June 11, 1997.         


               L. Paige Marvel and Joyce K. Becker, for petitioners.                  
               Clare J. Brooks, for respondent.                                       


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               JACOBS, Judge:    Respondent  determined  the  following               
          deficiencies in, and additions to, petitioners' Federal income              
          taxes:                                                                      









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