Memorandum Findings of Fact and Opinion
Respondent determined deficiencies in petitioners' income taxes for the taxable years 1954 and 1955 in the amounts of $9,153.92 and $20,100.55, respectively.
The only question is whether certain prepaid subscription income should have been included in taxable income in the years received.
Another issue concerning business expenses was abandoned.
Findings of Fact
Some of the facts are stipulated...
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