McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver

Exercise 22

Tim's parents plan to provide him with $50,000 to support him while he establishes a new landscaping business.In exchange for the support, Tim will maintain the landscape at his father's business.Under what conditions will the transfer of $50,000 be included in Tim's gross income Explain.Do you have a recommendation for Tim and his parents