George W. Earnshaw - Page 1

                                 T.C. Memo. 2002-191                                  

                               UNITED STATES TAX COURT                                

                          GEORGE W. EARNSHAW, Petitioner v.                           
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket No. 5221-01.             Filed August 5, 2002.                  

               George W. Earnshaw, pro se.                                            
               Charles M. Berlau, for respondent.                                     

                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               COHEN, Judge:  Respondent determined a deficiency of $3,514            
          in petitioner’s Federal income taxes for 1998.  The issue for               
          decision is whether petitioner must recognize discharge of                  
          indebtedness income as a result of settlement of his Mastercard             
          account with MBNA America Bank (MBNA).  Unless otherwise                    
          indicated, all section references are to the Internal Revenue               

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