Memorandum Findings of Fact and Opinion
DAWSON, Judge:
Respondent determined a deficiency in petitioners' 1976 Federal income tax of $1,796.94. On March 1, 1976, petitioner Michael Lynch withdrew from the partnership of Lynch, Lynch & Tucker, an accounting firm. All of the issues presented for decision involve the tax consequences stemming from his disassociation with the firm. They are as follows:
(1) Whether certain payments received by petitioner...
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