MindTap for Garman/Forgue's Personal Finance Tax Update, 13th Edition [Instant Access], 2 terms
MindTap for Garman/Forgue's Personal Finance Tax Update, 13th Edition [Instant Access], 2 terms
13th Edition
ISBN: 9780357438909
Author: Garman; E. Thomas; Forgue; Raymond
Publisher: Cengage Learning US
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Chapter 4.3, Problem 4CC
Summary Introduction

To Explain: Three strategies to avoid overpayment of income taxes.

Concept IntroductionTax planning is done to minimize the taxable income and tax. Tax planning is essential for every person to save taxes. If tax planning is ignored, it will result in higher amount of taxes and lower amount of capital balance of a person.

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