Basic Federal Income Taxation: Assignment of Income: Assignment of Income: Services

This lesson is best used after studying Federal Income Taxation: Assignment of Income, in class. The lesson includes problem sets to work through, allowing you to apply the Code, Regs., and case law, such as Comr. v. Giannini and Hendrick v. Comr., to a variety of situations involving the assignment of income from services.

Learning Outcomes

On completion of the lesson, the student will be able to:

1. Explain when a waiver of salary must occur to be excluded from gross income.
2. Explain the importance of control in determining whether salary is included in gross income.
3. Determine when an individual is an agent and why this matters for control.