MULRONEY, Judge:
The respondent determined a deficiency in petitioners' income tax for the taxable year 1955 in the amount of $17,533.25.
The only issue is whether the amount petitioner Victor H. Heyn received in 1955 from his employer, Charles O. Gilfillan for the cancellation of his employment contract is taxable income for that year.
FINDINGS OF FACT.
Some of the facts are stipulated and they are found accordingly.
On November...
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