Preview Chapt 2 Matching Word Exercise - Preview Chapt 2...

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Preview Chapt 2 Matching Word Exercise A tax base is characterized by the specification of a taxpyer, a valuation method, valuation components and a tax ________ Regulations that rephrase and elaborate on what Congress stated in the tax legislation's committee reports. One of the US appellate courts that a taxpayer can go to after losing in a court of original jurisdiction. Every tax system can be characterized by a tax base and a tax _______ schedule. What the IRS will do when it loses a US Tax Court case and it agrees with the decision. A taxpayer's general strategy for achieving the economically rational objective is to shift components of the tax __________ to exploit differences in marginal tax rates.
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Unformatted text preview: A taxpayer's economically rational objective is to maximize the net present value of after tax _________. The better strategy for tax planning with deductions is to shift them to the tax period with the __________ marginal tax rate. A federal court of original jurisdiction (trial court) that hears a wide variety of tax and non-tax cases. Courts of original jurisdiction (trial courts) must abide by there when they are set by the appellate courts within the jurisdiction. The minimization of tax through legal means. The ultimate US appellate court. acquiescence avoidance supreme interpretive precedents return appeals rate US District Highest Base period...
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  • Spring '13
  • WILSON
  • US Tax Court, Trial court, original jurisdiction

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