Which is not a basic tax planning strategy?
A) income shifting
B) timing
C) conversion
D) arms length transaction
E) None of these

Question

Quizplus · Accepted Answer

While all of the other choices are common tax planning strategies, an arms length transaction refers to a business deal between two parties that are not related or have no preexisting relationship. While this concept is important in tax law, it is not considered a basic tax planning strategy.

Which Is Not a Basic Tax Planning Strategy