George R. and Barbara H. Burrus - Page 3

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          years in issue.  Petitioners’ 1990 return was due, including                
          extensions, on October 15, 1991, and was received on October 28,            
          1991.  Petitioners’ returns for the remaining years in issue were           
          timely filed.                                                               
               Petitioner George R. Burrus (Dr. Burrus) is a licensed                 
          physician.  Petitioner Barbara H. Burrus (Mrs. Burrus) reported             
          an occupation of “real estate manager” on the returns for the               
          years in issue.                                                             
               Dr. Burrus has been involved with farming, cattle, and other           
          agricultural activities since his childhood.  He had check-                 
          writing authority for his father’s farm, starting as a teenager,            
          and his active involvement continued on weekends and during the             
          summer while attending college.  Dr. Burrus has no formal                   
          education or training in animal husbandry, farming, or similar              
          agricultural activity.                                                      
               During the years in issue, Dr. Burrus maintained a                     
          successful medical practice and was chief of his department at a            
          local hospital where he also served as the chief perfusionist.              
          He often worked as many as 7 days a week, for as many as 10 to 12           
          hours per day.  During the years in issue Dr. Burrus reported               
          income from his medical practice in amounts ranging from $233,749           
          to $691,281.                                                                
               From 1969 to 1971, Dr. Burrus served as a missionary doctor            





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