Paul McGowan - Page 1

                                 T.C. Memo. 2004-146                                  


                               UNITED STATES TAX COURT                                


                             PAUL MCGOWAN, Petitioner v.                              
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 13587-01.             Filed June 21, 2004.                  

               Daniel L. Britt, Jr., for petitioner.                                  
               Travis T. Vance III, for respondent.                                   


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               FOLEY, Judge:  The issues for decision are whether                     
          petitioner is liable for deficiencies and fraud penalties                   
          relating to 1991, 1992, and 1993.                                           











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