Which is not a basic tax planning strategy?
A)Income shifting.
B)Timing.
C)Conversion.
D)Arm's length transaction.
E)None of the choices are correct.

Question

Quizplus · Accepted Answer

Arm's length transaction is not a basic tax planning strategy, but rather a requirement for transactions between related parties to be conducted as if they were between unrelated parties for tax purposes. The other options, income shifting, timing, and conversion, are common tax planning strategies used to minimize tax liabilities.

Which Is Not a Basic Tax Planning Strategy