Explaining why a company should and should not undertake

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Question: explore and apply three fundamental tax planning strategies covered in the course: timing, incomeshifting, and conversion. These strategies serve as the building blocks of tax professionals for theirroutine tax planning practices. Please read the following instructions carefully. A final deliverable mustcontain the following parts:

1. Think of two transactions based on two of the three tax planning strategies. You may refer to materials covered in the course, topics discussed during the weekly discussions, tax news articles, or tax research.

2. For each transaction, delve into the relevant tax regulations.

3. Conduct a benefit-cost analysis, explaining why a company should and should not undertake these strategies.

4. Provide suggestions to tax regulators to prevent potential abuse of these tax planning practices.

Reference no: EM133507251

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