Which is not a basic tax planning strategy?

Question

Quizplus · Accepted Answer

Arms-length transaction is not a basic tax planning strategy. It refers to a business transaction between two parties who are acting in their own self-interest and are not influenced by a relationship that favors one party over the other. While it is important for tax purposes to ensure that arms-length transactions are occurring, it is not a strategy for reducing one's tax liability. The other choices, income shifting, timing, and conversion, are all basic tax planning strategies that may be used to minimize taxes owed.

Which Is Not a Basic Tax Planning Strategy