Tax planning falls into two major categories, the open transaction and the closed transaction. Discuss each type

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Tax planning falls into two major categories, the “open” transaction and the “closed” transaction. Discuss each type of transaction and describe how each affects tax planning.

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Federal Tax Research

ISBN: 9781285439396

10th Edition

Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill

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Question Posted: Oct 30, 2015 01:45 AM

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Tax planning falls into two major categories, the open transaction and the closed transaction. Discuss each type

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In an open tax planning situation the transaction is not yet complete therefore the tax practi...View the full answer

Federal Tax Research

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