Melvyn L. Bell - Page 1

                                 T.C. Memo. 1998-136                                  


                               UNITED STATES TAX COURT                                


                            MELVYN L. BELL, Petitioner v.                             
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      
             DARLENE K. CARVIN, FORMERLY DARLENE C. BELL, Petitioner v.               
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket Nos. 21039-93, 21040-93.         Filed April 6, 1998.           


               D. Derrell Davis, for petitioner in docket No. 21039-93.               
               Stephen P. Hale and James R. Hall, Jr., for petitioner in              
          docket No. 21040-93.                                                        
               Edsel Ford Holman, Jr., for respondent.                                


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               GERBER, Judge:  Respondent determined deficiencies in                  
          petitioners' Federal income tax of $384,753 and $251,411, for               
          taxable years 1985 and 1986, respectively, and a deficiency of              
          $309,459 for taxable year 1988.                                             


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