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QUESTION
Answer the following questions 1- Please comment on the doctrines of constructive receipt and assignment of income. What is each one all about? What do you think the purpose is of each one, what perceived abuses are each designed to counter? 2- Explain
Answer the following questions
1- Please comment on the doctrines of constructive receipt and assignment of income. What is each one all about? What do you think the purpose is of each one, what perceived abuses are each designed to counter?
2- Explain the rules for discharge of indebtedness income. When is it taxable, and when isn’t it? Why? Do you think these rules make sense?
