An individual performed special valuable services not called for by his employment, in consideration for which his
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An individual performed special valuable services not called for by his employment, in consideration for which his employer agreed to pay him a bonus in an amount to be determined later. After due consideration, however, the firm prefers instead to cement the employee's relation to it by selling him, without any restriction, a block of its stock worth $5,000 for $1,000 cash. Has the employee thereby received any amount includible in his gross income for the year?
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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