DRENNEN, Judge.
Respondent determined deficiencies in petitioners' income tax for the years 1953, 1954, and 1955 in the amounts of $1,567.96, $18,919.91, and $6,936.90, respectively. Petitioners signed a consent for the assessment and collection of $1,511.63 of the tax deficiency for the year 1955.
The primary issue is whether amounts received by petitioners from Paramount Pictures Corporation upon termination of two agreements, under which petitioner...
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