Stephen and Ann Schwalbach - Page 26

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               In reaching our holdings herein, we have considered all                
          arguments by the parties for contrary holdings, and, to the                 
          extent not discussed above, find those arguments to be irrelevant           
          or without merit.  To reflect the foregoing,                                

                                                  Decision will be entered            
                                             for respondent as to the                 
                                             deficiency, and for                      
                                             petitioners as to the                    
                                             accuracy-related penalty.                

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