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Robert Olsen was a very successful basketball player. Knowing that he would be offered a multimillion dollar contract, he established a corporation assigning to it

Robert Olsen was a very successful basketball player. Knowing that he would be offered a multimillion dollar contract, he established a corporation assigning to it his services in professional sports in exchange for a monthly salary. Upon audit the IRS challenged this assignment of contract. Who will prevail? See C.Johnson, 78 TC 882, Dec. 39,069 (1982).

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