(TaxProf Blog) - Whether §102(a) excludes a payment as a gift depends upon the intent of the payor. The classic case that most professors teach is Commissioner v. Duberstein...The Tax Court held that Mr. Duberstein âfailed to carry the burden of proving that the automobile was a gift.â Instead, the Tax Court found, the NY owner intended to compensate Mr. Duberstein for the valuable business referrals. The Sixth Circuit reversed.
No matter what payroll solution you are currently using, you will generate more profit with Payroll Relief from AccountantsWorld while reducing your firm's workload. LEARN MORE
Years ago, Steven Brewer, CPA saw the shifts taking place in accounting and decided to make changes in his firm to survive. They've grown their accounting revenue by 75% over the past 5 years â without adding more clients. READ HIS CASE STUDY
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