Bryant Keith Adams - Page 4

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          taxable years 2001 and 2002; and (4) whether petitioner is liable           
          for the addition to tax under section 6654(a) for failure to pay            
          estimated taxes for taxable year 2002.                                      
                                     Background                                       
               Some of the facts have been stipulated and are so found.               
          The stipulation of facts and the attached exhibits are                      
          incorporated herein by this reference.  At the time the                     
          respective petitions were filed, petitioner resided in                      
          Statesville, North Carolina.                                                
               During the taxable years at issue, petitioner was married to           
          Terri Adams (Ms. Adams).  Ms. Adams filed a Federal income tax              
          return separately for taxable years 2001 and 2002.                          
               Also during taxable years 2001 and 2002, petitioner was                
          employed by Wal-Mart Associates, Inc. (Wal-Mart), and received              
          salary of $24,036 and $25,732, respectively.  Wal-Mart issued to            
          petitioner Forms W-2, Wage and Tax Statement, which reflected               
          these amounts as wages.  During taxable year 2001, petitioner was           
          also employed by National Restaurant Enterprises, Inc., also                
          known as Ameriking (Ameriking), and received a salary of $1,815.            
          Ameriking issued to petitioner a Form W-2 which reflected this              
          amount as wages.                                                            
               Petitioner submitted to respondent a Form 1040, U.S.                   
          Individual Income Tax Return, for taxable year 2001, dated March            
          22, 2002.  However, the return was not received by the Internal             






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