Your client Jim Clark, president of Heavy Duty Fences, Inc. did business with Carol

Smith, president of Pools for All, Inc. Occasionally, during phone conversations, at

Smith$$s request, Clark would provide the name of potential customers to Smith. This

year Smith gave Clark a BMW to express her gratitude for all of his help. Clark does

not believe that Smith would have sent the BMW if he had not provided the names

of the potential clients. What does this mean for Jim Clark$$s taxable income?Your client Jim Clark, president of Heavy Duty Fences, Inc. did business with Carol

Smith, president of Pools for All, Inc. Occasionally, during phone conversations, at

Smith$$s request, Clark would provide the name of potential customers to Smith. This

year Smith gave Clark a BMW to express her gratitude for all of his help. Clark does

not believe that Smith would have sent the BMW if he had not provided the names

of the potential clients. What does this mean for Jim Clark$$s taxable income?