Does the tax treatment of below market-rate loans violate any income tax concepts? If so, how? Explain.
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The main concept violated is the wherewithaltopay concept The imputation of in...View the full answer
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Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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