Explain the difference between closed fact and open fact situations A In a closed fact situation, the facts have occurred, and the tax advisor's task is to analyze them to determine the appropriate tax treatment In an open fact situation, the facts have not yet occurred, and the tax advisor's task is to plan them or shape them into a favorable tax result B In a closed fact situation, the facts have not yet occurred, and the tax advisor's task is to plan them or shape them into a favorable tax result In an open fact situation, the facts have occurred, and the tax advisor's task is to analyze them to determine the appropriate tax treatment C In a closed fact situation, the facts have occurred, and the tax advisor's task is to plan or shape the facts into a favorable tax result In an open fact situation, the facts have not yet occurred and the tax advisor's task is to analyze them to determine the appropriate tax treatment D None of the above

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Explain the difference between closed   fact and open   fact situations  A   In a closed   fact situation, the facts have occurred, and the tax advisor's task is to analyze them to determine the appropriate tax treatment  In an open   fact situation, the facts have not yet occurred, and the tax advisor's task is to plan them or shape them into a favorable tax result  B   In a closed   fact situation, the facts have not yet occurred, and the tax advisor's task is to plan them or shape them into a favorable tax result In an open   fact situation, the facts have occurred, and the tax advisor's task is to analyze them to determine the appropriate tax treatment  C   In a closed   fact situation, the facts have occurred, and the tax advisor's task is to plan or shape the facts into a favorable tax result  In an open   fact situation, the facts have not yet occurred and the tax advisor's task is to analyze them to determine the appropriate tax treatment  D   None of the above

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Explain the difference between closed - fact and open - fact situations. A . In a closed - fact situation, the facts have occurred, and

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