If an attorney performs some estate tax work for a client and the client agrees to pay $4,000 to him and $3,000 to a local financial institution for a debt the attorney owes,the attorney has income of:

Question

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The attorney will have income of $7,000, which includes the $4,000 fee for the estate tax work and the $3,000 paid to the financial institution on behalf of the attorney. Both of these payments are considered income to the attorney.

If an Attorney Performs Some Estate Tax Work for a Client