Justice DURHAM, opinion of the Court:
INTRODUCTION
¶ 1 Chin and Yvonne Lee appeal the Utah State Tax Commission's decision finding state tax liability on distributions from their qualified profit-sharing plan (Plan). The Tax Commission held that the Plan did not act as a conduit; therefore, the tax-exempt character of any funds in the Plan was lost upon distribution. We affirm.
BACKGROUND
¶ 2 In 1990, Mr. Lee established a defined...
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