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Can someone help me answer the following TAX practice exam question: Throughout this course, I have noted that transactions between related parties are game changers.
Can someone help me answer the following TAX practice exam question:
Throughout this course, I have noted that transactions between related parties are "game changers." Why? Discuss two provisions that would alter the tax consequences of transactions based on relationships. Provide a brief description of the general rules and how each provision works to change the application of the general rules.Identify and discuss the authorities within the body of the response itself.
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