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2 votes

Business in friends name

united-states The most likely result is that B holds the assets of A as a nominee and A is taxed on those assets, and that the transfers from B to A are disregarded. It could be taxed as an annuity or ...
ohwilleke's user avatar
  • 220k
1 vote

Business in friends name

usa From tax perspective this is structured as an annuity, however with the lack of documentation it could also be construed as independent gifts. In case of independent gifts both parties would be ...
littleadv's user avatar
  • 1,000

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