Robert Olsen was a very successful college basketball player. Knowing that he would be offered a multimillion
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Robert Olsen was a very successful college basketball player. Knowing that he would be offered a multimillion dollar contract, he established a corporation assigning to it his services in professional sports in exchange for a monthly salary. Upon audit the IRS challenged this assignment of contract. Who will prevail? See C. Johnson, 78 TC 882, Dec. 39,069 (1982).
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In the case of C Johnson 78 TC 882 Dec 39069 1982 the Tax Court ruled in favor of the taxpayer C Joh...View the full answer
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Related Book For 
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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