Leo M. Ryan, et al. - Page 2

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                         Christopher S. Wilson, for petitioner John R. Wilson in                                                              
                docket No. 3117-95.                                                                                                           
                         James G. Cattalo, pro se in docket No. 3292-95.                                                                      
                         David A. Grove, pro se in docket No. 3341-95.                                                                        
                         Keith L. Gorman, George D. Curran, and Linda A. Love, for                                                            
                respondent.                                                                                                                   


                                      MEMORANDUM FINDINGS OF FACT AND OPINION                                                                 
                         WELLS, Judge:3  Respondent determined deficiencies in, and                                                           
                additions to, petitioners' Federal income taxes as follows:                                                                   
                Petitioner Leo M. Ryan (Ryan), docket No. 790-95                                                                              
                                                          Additions to Tax                                                                    
                                                          Sec.                     Sec.                     Sec.                              
                Year             Deficiency               6653(b)(1)               6653(b)(2)                 6661                            
                1982             $44,993                  $22,497                          1                $11,248                           
                1983             81,653                   40,827                           1                20,413                            
                1 Plus 50 percent of the interest due on the deficiency.                                                                      
                Petitioner Ronald V. Giongo (Giongo), docket No. 3073-95                                                                      
                                                          Additions to Tax                                                                    
                                                          Sec.                     Sec.                     Sec.                              
                Year             Deficiency               6653(b)(1)               6653(b)(2)                 6661                            
                1982             $45,764                  $22,882                          1                $11,441                           
                1983             56,567                   28,284                           1                14,142                            
                1 Plus 50 percent of the interest due on the deficiency.                                                                      



                3        These consolidated cases were tried by the late Judge Edna                                                           
                G. Parker and reassigned to Judge Thomas B. Wells with the                                                                    
                consent of the parties for disposition on the existing record.                                                                




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