William L. McCurley and Victoria J. McCurley, et al. - Page 1

                                 T.C. Memo. 1997-371                                  


                               UNITED STATES TAX COURT                                


               WILLIAM L. MCCURLEY AND VICTORIA J. MCCURLEY, ET AL.,1                 
             Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent              


               Docket Nos. 10499-94, 10500-94        Filed August 14, 1997.           
                         6557-95.                                                     


               Joseph Warren III and C. Ralph Kinsey, Jr., for                        
          petitioners.                                                                
               Ross A. Rowley and Paul G. Topolka, for respondent.                    


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        





               1  Cases of the following petitioners are consolidated                 
          herewith:  Robert D. Hall and Gayle E. Hall, docket No. 10500-94;           
          William L. McCurley and Victoria J. McCurley, docket No. 6557-95.           




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