Chad A. and Katherine J. Lincoln - Page 1

                                 T.C. Memo. 1998-421                                  


                               UNITED STATES TAX COURT                                


                  CHAD A. AND KATHERINE J. LINCOLN, Petitioners v.                    
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 10861-97.                Filed November 24, 1998.           


               Chad A. and Katherine J. Lincoln, pro sese.                            
               Ronald G. Dong, for respondent.                                        


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               THORNTON, Judge:  Respondent determined a deficiency of                
          $55,814 in petitioners' 1993 Federal income tax and a $11,163               
          accuracy-related penalty under section 6662(a).  Unless otherwise           
          indicated, all section references are to the Internal Revenue               







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