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

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What role does intent play in determining whether a transfer is a gift and therefore not subject to the income tax?

Are tips received by employees from customers excludable from gross income as gifts? Explain.

Related Book For answer-question

Federal Taxation 2018 Comprehensive

ISBN: 9780134532387

31st edition

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

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Posted Date: Aug 08, 2018 01:10 AM

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

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a Income earned prior to the gift is taxabl... View the full answer

Federal Taxation 2018 Comprehensive

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