Burien Nissan, Inc., et al. - Page 26

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         years in issue under section 6662(a) and (b)(2).  To the extent              
         that a computation under Rule 155 indicates that a substantial               
         underpayment of tax within the meaning of section 6662 exists,               
         then we sustain respondent’s determination.  Of course, the 20-              
         percent penalty under section 6662 applies only once for each                
         taxable year.  See sec. 1.6662-2(c), Income Tax Regs.                        
              To reflect the foregoing and the parties’ concessions,                  


                                            Decisions will be entered                 
                                       pursuant to Rule 155 in docket Nos.            
                                       9519-98, 12341-98, and 16916-99.               


                                            Decision will be entered for              
                                       respondent in docket No. 11536-99.             

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