BUS 215 Week 1 Discussion 2, Tax Planning
BUS 215 Week 1 Discussion 2, Tax Planning Tax Planning Read David J. Marotta’s article, “Seven Tax-Planning Strategies to Dodge the Tax Bullet.” Based on the information presented in the article, discuss the following: What is tax planning? Tax planning can help in reducing the taxes you pay and help you achieve financial goals. It can be done by using all your available allowances, deductions, exclusions, exemptions to reduce income and/or capital gains. Tax planning is the art of arranging your affairs in ways that postpone or avoid taxes. By using effective tax planning strategies, you can have more money to save and invest or more money to spend. Tax planning is deferring and avoiding taxes by taking advantage of beneficial tax law provisions, increasing and accelerating tax deductions and tax credits by maximizing the use of all applicable breaks.
Document information
- Uploaded on
- March 22, 2022
- Number of pages
- 3
- Written in
- 2021/2022
- Type
- Exam (elaborations)
- Contains
- Questions & answers
