T.C. Memo. 2001-197                                  
                               UNITED STATES TAX COURT                                
                       DAMRON AUTO PARTS, INC., Petitioner v.                         
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      
               Docket No. 5661-00.                     Filed July 30, 2001.           
               Ronald J. Russo, for petitioner.                                       
               William R. McCants, for respondent.                                    
                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               FOLEY, Judge:  By notice dated February 17, 2000, respondent           
          determined deficiencies and section 6651(a)(1) additions to                 
          petitioner’s Federal income taxes as follows:                               
                                             Sec. 6651(a)(1)                          
                         Year      Deficiency     Addition                            
                         1993      $269,956       $63,464                             
                         1994      502,174        24,859                              
                         1995      482,736        --                                  
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