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Dec 14, 2024
9:33:01am
JB2JH All-American
If the individual receiving the additional income is also going to receive
additional cash distributions, it should be pretty easy to establish economic effect. If the transaction is simply to shift income to avoid income tax without providing any additional economic benefit to your friend, it'll be hard to establish substantial economic effect.
JB2JH
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Cougarmayn
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JB2JH
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Dec 14, 2024
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