A closed-fact situation means that
A)all of the client's transactions have occurred and the research focuses on finding support for the action already taken.
B)all of the client's transactions have not yet occurred so the events may be carefully planned.
C)the client's tax return has not yet been filed.
D)the client is requesting tax planning advice for a future transaction.

Question

Quizplus · Accepted Answer

A closed-fact situation refers to scenarios where all of the client's transactions have already occurred, and the task at hand involves researching to find support or justification for actions that have already been taken.

A Closed-Fact Situation Means That