Which of the following transactions would NOT be acceptable to the IRS as a means of switching the taxable income to another taxpayer?
a. Selling a taxpayer's assets to her business at fair market value
b. Transferring interest income from a taxpayer's investment to his young daughter
c. Giving a gift of the taxpayer's stock to her son
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Home » Business » Which of the following transactions would NOT be acceptable to the IRS as a means of switching the taxable income to another taxpayer? a. Selling a taxpayer's assets to her business at fair market value b.