Michael C. Hollen and Joan L. Hollen - Page 1
















                                 T.C. Memo. 2000-99                                   


                               UNITED STATES TAX COURT                                


                MICHAEL C. HOLLEN AND JOAN L. HOLLEN, Petitioners v.                  
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 5586-97.                    Filed March 24, 2000.           


               Paul F. Christoffers, for petitioners.                                 
               Lisa K. Hartnett, for respondent.                                      

                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               MARVEL, Judge:  Respondent determined a deficiency in                  
          petitioners' Federal income tax for the taxable year 1988 of                
          $79,308 and additions to tax under sections 6653 and 6661(a) of             












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