Robert T. and Mary F. Gow - Page 50

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          persuades us that petitioners negligently disregarded rules or                
          regulations.  See Neely v. Commissioner, 85 T.C. 934, 947 (1985);             
          sec. 1.6662-3(b)(1), Income Tax Regs.  Accordingly, we hold                   
          petitioners liable for the accuracy-related penalty on the entire             
          underpayment for the years in issue pursuant to section 6662(a).              
               In reaching our conclusions herein, we have considered all of            
          the arguments presented and, to the extent not discussed above,               
          find them to be irrelevant or without merit.                                  
              To reflect the foregoing and concessions of the parties,                 


                                                         Decision will be               
                                                   entered under Rule 155.              

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