Michael G. Bunney - Page 1

                                 T.C. Memo. 2003-233                                  


                               UNITED STATES TAX COURT                                


                          MICHAEL G. BUNNEY, Petitioner v.                            
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 2081-02.               Filed August 4, 2003.                


               John Alan Cohan, for petitioner.                                       
               Lorraine Y. Wu, for respondent.                                        


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               COHEN, Judge:  Respondent determined deficiencies in                   
          petitioner’s Federal income taxes and an addition to tax as                 
          follows:                                                                    










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