The goal of tax planning generally is to:

Question

Quizplus · Accepted Answer

The primary goal of tax planning is to maximize after-tax wealth, which means finding legal and strategic ways to minimize tax liability while still complying with tax laws and regulations. While minimizing taxes is a key aspect of this, the ultimate aim is to maximize the financial benefits for the taxpayer. Choices A and B are also important considerations in tax planning, but they are secondary to the primary goal of maximizing after-tax wealth. Choice D is not a goal of tax planning, as the goal is to minimize tax liability for the taxpayer, not to provide support for the government.

The Goal of Tax Planning Generally Is To