Answer the questions below in the text boxes provided (they will expand to accommodate your answers).
Briefly identify the
general tax planning concepts
that you must consider when deciding which option any
taxpayer should use when practicing effective tax planning. This should be a general answer that applies to any
taxpayer and any tax and any tax planning.
Based on the analysis, briefly explain which alternative you would advise the client to take.
Briefly explain the difference between the outcomes in the alternatives.