Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
assignment of income — A procedure whereby a taxpayer attempts to avoid the recognition of income by assigning the property that generates the income to another. Such a procedure will not avoid the recognition of income by the taxpayer making the assignment if it can… … Black's law dictionary
assignment of income — A procedure whereby a taxpayer attempts to avoid the recognition of income by assigning the property that generates the income to another. Such a procedure will not avoid the recognition of income by the taxpayer making the assignment if it can… … Black's law dictionary
Assignment of income doctrine — The assignment of income doctrine is a judicial doctrine developed in United States case law by courts trying to limit tax evasion. The assignment of income doctrine seeks to preserve the progressive rate structure of the Code by prohibiting the… … Wikipedia
anticipatory assignment of income — See assignment (assignment of income) … Black's law dictionary
anticipatory assignment of income — See assignment (assignment of income) … Black's law dictionary
assignment — as·sign·ment n 1: the act of assigning 2 a: a position, post, or office to which one is assigned b: a task assigned 3: a present transfer of property or rights absolute assignment: an assignment in which the transfer is complete and leaves the… … Law dictionary
assignment for benefit of creditors — A voluntary transfer of a debtor s property into a trust to be used to pay creditors. The trustee collects any income owed the debtor, liquidates the debtor s property that has been transferred to the trust, and uses the money to pay the debtor s … Law dictionary
Assignment (law) — Contract law Part … Wikipedia
assignment for benefit of creditors — A method of scheduling debt repayment by which a trustee receives directly a portion of a debtor s income and uses it to pay the debtor s bills. Compare garnishment … Business law dictionary
allocation — Assignment or allotment. Jacobson v. Bowles, D.C.Tex., 53 F.Supp. 532, 534. In taxation, the assignment of income for various tax purposes. A multistate corporation s nonbusiness income usually is allocated to the state where the nonbusiness… … Black's law dictionary
