T.C. Memo. 2004-117                                  
                               UNITED STATES TAX COURT                                
                   CONRAD JANIS AND MARIA G. JANIS, Petitioners v.                    
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      
               CARROLL JANIS AND DONNA L. SELDIN JANIS, Petitioners v.                
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      
               Docket Nos. 14318-01, 1344-02.   Filed May 12, 2004.                   
               Andrew J. Wilson, Brian D. Caplan, and Vicki G. Cheikes, for           
          petitioners in docket No. 14318-01.                                         
               Michael Schlesinger, for petitioners in docket No. 1344-02.            
               Lydia A. Branche and Shawna A. Early, for respondent.                  
                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               COHEN, Judge:  Respondent determined deficiencies in                   
          petitioners Conrad Janis and Maria G. Janis’s (Conrad and Maria)            
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