Basic Federal Income Taxation: Gross Income: Indirect Transfers for Services

This lesson guides students through the calculation of income tax from indirect transfers of service and other forms of compensation.

Learning Outcomes

On completion of the lesson, the student will be able to:

1. Explain when a transfer for a taxpayer's benefit will be taxable to the taxpayer even though the transfer is made to someone other than the taxpayer.
2. Explain how to compute service income when property is received without restrictions in exchange for services.
3. Explain how to compute basis on property received without restrictions in exchange for services.