Michael and Nancy McNamara - Page 1















                                 T.C. Memo. 1999-333                                  


                               UNITED STATES TAX COURT                                


                       MICHAEL & NANCY MCNAMARA, Petitioners v.                       
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 7537-98.                   Filed October 4, 1999.           


               Garry A. Pearson and Jon J. Jensen, for petitioners.                   
               Blaine C. Holiday, for respondent.                                     


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               PAJAK, Special Trial Judge:  Respondent determined                     
          deficiencies in petitioners' Federal income taxes in the amounts            
          of $2,507, $3,191, and $2,963, for the taxable years 1993, 1994,            
          and 1995, respectively.  All section references are to the                  
          Internal Revenue Code in effect for the years in issue.                     








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