Bemidji Distributing Co., Inc. - Page 1
















                                 T.C. Memo. 2001-260                                  


                               UNITED STATES TAX COURT                                


                    BEMIDJI DISTRIBUTING CO., INC., Petitioner v.                     
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      
               CORTLAND F. LANGDON AND JEAN M. LANGDON, Petitioners v.                
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket Nos. 7186-99, 7264-99.         Filed October 1, 2001.           

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


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               PARR, Judge:  In separate notices of deficiency,1                      
          respondent determined deficiencies in petitioners' income taxes             
          as follows:                                                                 


               1These cases have been consolidated for purposes of trial,             
          briefing, and opinion.                                                      




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