Parents often wish to shift income to young children in order to lower the family tax burden.Tax policies and provisions that limit that practice include all of the following except

Question

Quizplus · Accepted Answer

The claim of right doctrine is not specifically designed to limit income shifting to children for tax purposes. It deals with the taxation of income that a taxpayer has received under a claim of right and without restriction as to its disposition.

Parents Often Wish to Shift Income to Young Children in Order