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Ian Wilson Has been unemployed for some time and is very short of money. He has learned that the local blood blank Has a severe
Ian Wilson Has been unemployed for some time and is very short of money. He has learned that the local blood blank Has a severe shortage of his type of blood and is willing to pay $150 for each donation. Ian gives blood once every two months during the past year, for a total of $900 received from the blood bank. Are these funds included in Ians gross income? Write a letter to Mr.Wilson that containsyour advice and prepare a memo for the tax file documenting your conclusions.
Research aids : Green v. Comm., 74 T.C. 1229 (1980).
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