Memorandum Findings of Fact and Opinion
GERBER, Judge:
Respondent determined a $13,747 Federal income tax deficiency for petitioner's 1987 taxable year. The deficiency is solely attributable to petitioner's failure to report a $42,000 lump-sum payment he received during 1987 from the Illinois Central Gulf Railroad as an incentive for his early retirement. The issue for our consideration is whether the incentive payment is taxable.
Findings of Fact...
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