March 5, 2020
CNBC quoted Tax Principal Michael D’Addio on whether the president will have to pay taxes on the salary he is contributing to the U.S. Dept. of Health & Human Services to help manage the coronavirus.
CNBC
By Darla Mercado
Excerpt:
“You can’t just assign the income to someone else and tell the IRS to go tax them,” said Michael D’Addio, principal at Marcum LLP in New Haven, Connecticut. “It’s more like you receive the income first and then transfer it to a third party.”
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