A, B, and C are equal partners in ABC Partnership. ABC and the partners use the cash method and have calendar taxable years. ABC is in the business of restoring antique automobiles. A also is an attorney with a part-time practice. In October of year 2, A represents ABC in connection with ABC's purchase of a building. A bills ABC in December for $15,000 of legal fees at his usual billing rate. In lieu of paying the bill, the partners agreed that ABC would make a special allocation to A of $15,000 of its 20X2 nonseparately stated income. The allocation to A will likely be treated as a payment for services. Question 4 Select one: True False