T.C. Memo. 1998-417                                  
                               UNITED STATES TAX COURT                                
                            WILLIAM O. HARRISON, JR. AND                              
                          CATHY L. HARRISON, Petitioners v.                           
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      
                  Docket No. 24616-95.          Filed November 18, 1998.              
                  Robert G. Wheeler, for petitioners.                                 
                  Franklin R. Hise, for respondent.                                   
                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
                  WHALEN, Judge:  Respondent determined the following                 
             deficiencies in and additions to petitioners' Federal                    
             income tax:                                                              
                                           Addition to Tax                            
                       Year      Deficiency     Sec. 6651(a)(1)                       
                       1988      $136,933       $34,233                               
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