Trans World Travel - Page 1















                                  T.C. Memo. 2001-6                                   


                               UNITED STATES TAX COURT                                


                          TRANS WORLD TRAVEL, Petitioner v.                           
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 12390-96.                 Filed January 17, 2001.           

               Steven S. Brown and Daniel T. Hartnett, for petitioner.                
               Patricia Pierce Davis, for respondent.                                 


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               GERBER, Judge:  This case was assigned to Special Trial                
          Judge Robert N. Armen, Jr., pursuant to the provisions of section           
          7443A(b)(5) and Rules 180, 181, and 183.1  The Court agrees with            
          and adopts the opinion of the Special Trial Judge, which is set             
          forth below.                                                                


          1 Unless otherwise indicated, all section references are to                 
          the Internal Revenue Code, as amended, and all Rule references              
          are to the Tax Court Rules of Practice and Procedure.                       




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