assignment of income

Definition of "assignment of income"
  1. A transfer of earnings from one taxpayer to another with the aim to evade tax obligations
How to use "assignment of income" in a sentence
  1. The IRS scrutinized the suspicious transaction for possible assignment of income.
  2. To avoid higher tax brackets, some individuals consider assignment of income.
  3. Tax consultants advise caution when dealing with possibilities of assignment of income.

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