Which of the following does not limit the income shifting strategy?
A) Assignment of income doctrine.
B) Business purpose doctrine.
C) Substance-over-form doctrine.
D) Step-transaction doctrine.
E) None of the choices are correct.

Question

Quizplus · Accepted Answer

None of the choices limit the income shifting strategy. All four doctrines mentioned in the other choices are commonly used by the IRS to prevent taxpayers from shifting income to lower tax brackets or avoiding tax liabilities.

Which of the Following Does Not Limit the Income Shifting