Assignment of Income Doctrine

Assignment of Income Doctrine

Assignment of Income Doctrine means:
a taxpayer's direction that income earned by him or her be paid to another person so that it will be considered that other person's income for federal tax purposes. The owner of income-producing property will be taxed on the income earned by that property unless he or she actually transfers ownership of the property, as well as the income. Income earned for personal services is taxable to the person who performed the services.

See also other Tax Terms and Definitions in U.S.A.

apportionment and fruit and tree doctrine.


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