Arnie is a self-employed handyman. During the current year, customers pay him $10,000 in cash for his

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Arnie is a self-employed handyman. During the current year, customers pay him $10,000 in cash for his services. Arnie gives the $10,000 to his daughter, Ariel, who uses it to pay college expenses. Is Arnie or Ariel taxed on the $10,000? Explain.

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 03:31 AM

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Arnie is a self-employed handyman. During the current year, customers pay him $10,000 in cash for his

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Under the assignment of income doctrine Arnie is taxed on all ...View the full answer

Concepts In Federal Taxation

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