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FINDINGS OF FACT
The parties have stipulated some of the facts, which are
incorporated in our findings by this reference. When the
petition was filed, petitioner husband was incarcerated in
Federal prison in Montgomery, Pennsylvania, and petitioner wife
resided in Severn, Maryland.
Petitioners were married on May 20, 1989, and remained
married at all times relevant to these cases. Petitioner wife
has a daughter, Itesha, and petitioners have a son, Theron, Jr.
During the years in issue, petitioner husband was self-
employed in a disc jockey business. Petitioner wife was employed
by Merrill Lynch in Severn Park, Maryland, performing various
clerical duties.
On or about June 30, 1989, petitioners purchased a 1983
Nissan Maxima in the name of petitioner wife. Of the $4,240
total purchase price, they paid $2,240 cash and financed the
balance. On or about October 5, 1989, petitioners traded in the
1983 Maxima for a 1984 BMW in the name of petitioner wife. Of
the $6,860 total purchase price, they paid $3,000 cash, received
$1,200 net credit for the trade-in, and financed the balance.
On February 28, 1990, petitioners and Itesha were involved
in an automobile accident. Petitioners settled three personal
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