Chapter $41,$ E$\mathrm{.}1$

On July $1$ Taxpayer transferred a savings account to her adult son. During the year the savings account earned $$5,000$ in interest. Who must report the interest income?

Chapter $41,$ E$\mathrm{.}2$

In June, Taxpayer, feeling philanthropic, decided that he should work for free. He instructed his employer to pay all his remaining salary for the year to the Red Cross. Beginning with the July payment, the employer did so$.$ Is Taxpayer required to include in his income the salary payments for July through December?

Chapter $41,$ E$\mathrm{.}3$

Taxpayer owned a pizzeria. His son was in medical school. To help his son financially, Taxpayer agreed to transfer one$-$half of the profits from the pizzeria to his son. Who must report the profits from the pizzeria?

Chapter $41,$ E$\mathrm{.}4$

Taxpayer owned stock in InvestCo. On January $1$ she notified InvestCo that all future dividends were to be paid to her son. InvestCo paid $$5,000$ in dividends during the year. Who must include the dividends in income?