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right to quit upon giving 60 days’ notice. This factor supports
a finding that petitioner was an employee of RHB.
7. The Provision of Benefits Typical of Those Provided to
Employees
RHB trained petitioner. RHB provided petitioner with
general business liability insurance, workmen’s compensation,
unemployment insurance, group life and disability insurance,
family health insurance, and subscriptions to professional
publications. RHB paid for petitioner’s expenses to become a
chartered financial analyst and reimbursed petitioner for any
work-related travel expenses. RHB also provided petitioner with
a company credit card. These benefits are typical of those an
employer provides to an employee. This factor supports a finding
that petitioner was an employee of RHB.
8. Petitioners’ Other Arguments
Petitioners cite Feivor v. Commissioner, T.C. Memo. 1995-
107, for the proposition that the fact a taxpayer reports his
business expenses on a Schedule C indicates that he is an
independent contractor and not an employee. Petitioners draw the
conclusion that, because they reported on a Schedule C the
trustee’s fees petitioner received and remitted to FDC,
petitioner acted as an independent contractor and not an employee
in providing fiduciary services. How petitioners treated the
trustee’s fees petitioner received and remitted to FDC has no
bearing on petitioner’s relationship with RHB. In fact, while
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