Quantum Company Trust - Page 1
















          T.C. Memo. 2000-149                                                         


                               UNITED STATES TAX COURT                                


         QUANTUM COMPANY TRUST, LONNIE D. CROCKETT, TRUSTEE, Petitioner v.            
          COMMISSIONER OF INTERNAL REVENUE, Respondent                                
              DAVID C. NORTON AND LOIS K. NORTON, a.k.a. KIM Z. NORTON,               
                                   Petitioners v.                                     
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket Nos. 185-98, 186-98.      Filed April 25, 2000.                 


               John Robertson Riley, for petitioners.                                 
               Kay Hill, for respondent.                                              


                                 MEMORANDUM OPINION                                   

               JACOBS, Judge:  These cases were consolidated for purposes of          
          trial, briefing, and opinion.  Pursuant to separate notices of              
          deficiency, respondent determined the following deficiencies and            
          accuracy-related penalties:                                                 






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