Describe the difference between tax avoidance and tax evasion in addressing the client profiles. Include the following:
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Question:
- Describe the difference between tax avoidance and tax evasion in addressing the client profiles. Include the following:
- How tax planning can help reduce tax liability in a legal way
- What would be considered tax evasion
- 1 slide
- Speaker notes
- Evaluate benefits of tax planning for the clients. Include the following:
- How to minimize tax liability to improve clients' future tax situation
- 1 slide
- Speaker notes
- Create tax planning recommendations based on client profiles. Include the following:
- Steps that will improve tax position based on each client's goals (i.e., applicable tax planning solutions)
- Suggestions of how clients can do their taxes differently over the coming year to achieve their goals (i.e., changes that could be made to implement a tax planning strategy not currently applicable)
- Examples of how clients can improve tax position for the upcoming year
- 2-4 slides
- Speaker notes
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Posted Date: