a. What role does intent play in determining whether a transfer is a gift and therefore not

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a. What role does intent play in determining whether a transfer is a gift and therefore not subject to the income tax?
b. Are tips received by employees from customers excludable from gross income as gifts? Explain.

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Dec 11, 2015 01:44 AM

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a. What role does intent play in determining whether a transfer is a gift and therefore not

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a Motive plays an important role For a transfer to be a g...View the full answer

Federal Taxation 2016 Comprehensive

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