Assignment of Income – Can it be Done?

[singlepic id=16 w= h= float=left]An insurance agent was contracted with an insurance carrier. When he received income in his name, he paid it over to his trust, another entity. This assignment of income violates the underlying foundation of the tax system as is discussed in the US Tax Court ruling below. [pdf-embedder url=”http://www.cya4tax.com/wp-content/uploads/2016/11/Income-Assignment.pdf” title=”income-assignment”]