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Taxation & Estate Planning

: TaxProf Blog

Nothing Says "I Love You" Like Giving Your Girlfriend a 1099

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Nothing says "I love you" like giving your girlfriend a 1099 reporting your $10,500 gift as a (deductible) payment for services: Yang v. Commissioner, T.C. Summ. Op. 2008-156 (Dec. 15, 2008): The sole issue for our consideration is whether the...

Full post as published by TaxProf Blog on December 17, 2008 (boomark / email).

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