Assignment of Income

(redirected from Income Assignment)

Assignment of Income

The splitting of a person or company's income to another person or company so that the first person or company pays less in taxes. The United States Supreme Court has disallowed assignment of income under most circumstances.
References in periodicals archive ?
Poirier<br />Case No.: 2017AP931-CR<br />Officials: SEIDL, J.<br />Focus: Prisoner Income Assignment Order<br />Eric Poirier, pro se, appeals from an order assigning income from his prison account to pay unpaid fines, costs and surcharges assessed by the circuit court as a result of his 2003 conviction for operating a motor vehicle with a prohibited alcohol concentration (PAC) as a third offense.
Collateral Loan personal income assignment, collection law, real estate mortgages.