Question: Question 1 What does substance over form mean? all are correct taxpayers may arrange their transactions that will minimize tax liability but cannot do so
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What does substance over form mean?
all are correct
taxpayers may arrange their transactions that will minimize tax liability but cannot do so to avoid taxes
if you file a tax return using a certain form but do not treat it as such, it does not have to honored as such.
D taxpaayer behavior must treat a transaction to minimize taxes but not to avoid them altogether
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