Raymond F. Kling and Barbara K. Kling - Page 1















                                 T.C. Memo. 2001-78                                   


                               UNITED STATES TAX COURT                                


                RAYMOND F. KLING AND BARBARA K. KLING, Petitioners v.                 
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 3982-98.                    Filed March 30, 2001.           

               James A. Amodio and Stephen L. Kadish, for petitioners.                
               Herbert W. Linder, for respondent.                                     


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               PARR, Judge:  Respondent determined deficiencies in                    
          petitioners' 1991 and 1992 Federal income and self-employment               
          taxes and accuracy-related penalties as follows:                            












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