Beiner, Inc. - Page 1

                                 T.C. Memo. 2004-219                                  


                               UNITED STATES TAX COURT                                


                             BEINER, INC., Petitioner v.                              
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 14697-03.           Filed September 28, 2004.               


               Philip Garrett Panitz and Ryan D. Schaap, for petitioner.              
               Jonathan H. Sloat and Leslie Vanderwalt, for respondent.               


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               LARO, Judge:  Petitioner petitioned the Court to redetermine           
          the following deficiencies in Federal income taxes and related              
          section 6662(a) accuracy-related penalties:1                                


               1 Section references, unless otherwise indicated, are to the           
          applicable versions of the Internal Revenue Code (Code).  Rule              
          references are to the Tax Court Rules of Practice and Procedure.            





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