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28. Tax Planning. (Obj. 7) Define the concept of tax planning and distinguish between short-term and long-term tax planning. a. b. What is the primary
28. Tax Planning. (Obj. 7) Define the concept of tax planning and distinguish between short-term and long-term tax planning. a. b. What is the primary reason for tax planning? c. ldlentify chree uax-planning principles that vwll help a taxpayer achieve a tax-planning objective. Under what circumstances should a taxpayer plan to control the timing of payments that are deductible as itemized deductions d
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