Seeking legal ways to reduce,eliminate or defer income taxes is called

Name: Seeking legal ways to reduce,eliminate or defer income taxes is called
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Tax planning specifically involves finding legal strategies or opportunities to reduce, eliminate, or defer income taxes. Financial planning, income maximization, and asset allocation may all be related to tax planning, but they do not specifically refer to finding ways to reduce income taxes.

Seeking Legal Ways to Reduce,eliminate or Defer Income Taxes Is