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Which of the following is a feature of a properly accomplished tax planning?

a. It allows the tax professional to exercise a higher degree of creativity.
b. It forces the client to identify financial goals and general means by which to achieve them.
c. It offers a legal way to avoid taxes.
d. All of the above.

1 Answer

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Final answer:

A properly accomplished tax planning includes features such as forcing clients to identify financial goals, offering a legal way to avoid taxes, and allowing tax professionals to exercise creativity in finding strategies to optimize tax situations.

Step-by-step explanation:

A properly accomplished tax planning includes several features. One of them is that it forces the client to identify financial goals and general means to achieve them. By doing so, the client can have a clear understanding of their financial situation and plan accordingly. Another feature is that tax planning offers a legal way to avoid taxes. This means that through proper tax planning, individuals and businesses can take advantage of tax deductions, exemptions, and credits to minimize their tax liability. Lastly, tax planning allows tax professionals to exercise a higher degree of creativity in finding strategies and solutions to help their clients optimize their tax situation.

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