Charles B. and Teresa A. Thompson, et al. - Page 1

                                 T.C. Memo. 1997-287                                  


                               UNITED STATES TAX COURT                                


             CHARLES B. AND TERESA A. THOMPSON, ET AL.,1 Petitioners v.               
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket Nos. 5219-95, 5220-95,           Filed June 24, 1997.           
                         16787-95, 16945-95,                                          
                         16946-95.                                                    


               John B. Turner and Paul Kingsolver, for petitioners.                   
               Osmun R. Latrobe and Michael J. O'Brien, for respondent.               


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               VASQUEZ, Judge:  These cases have been consolidated for                
          trial, briefing, and opinion.  All section references are to the            

               1  Cases of the following petitioners are consolidated                 
          herewith:  State Supply Warehouse Co., Douglas J. Von Allmen, Tax           
          Matters Person, docket No. 5220-95; Douglas J. and Linda L. Von             
          Allmen, docket No. 16787-95; Alexa Olson, a Minor, Kimberly                 
          Olson, Legal Conservator, docket No. 16945-95; and Bruce A. and             
          Kimberly A. Olson, docket No. 16946-95.                                     


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