Tax Drill Components of Tax Planning Indicate whether the following items are key components of tax planning. Select "Yes" or "No", whichever is appropriate. a. Avoid the recognition of income (usually by resorting to a nontaxable source or Yes nontaxable event) b. Convert the classification of income (or deductions) to a more advantageous form (e.g. ordinary income into capital gain). c. Defer the recognition of deductions (or accelerate income) d. Choose the business entity with the desired tax attributes