 |
|
Join TMBIO Full Version Now!
~ You Get Over 1500 Music Business Topics with All Discussion
Cross-Links Hot!
Action taken by a taxpayer to legally minimize
the amount of tax he pays, i.e., to legally avoid situations where
taxes can be levied. For example, by using alternative tax rates,
methods of computation, methods of reporting, or by refraining
from, engaging in, or timing certain activities to avoid increased
taxation. See: TAX PUBLICATIONS,
TAX AVOIDANCE-A CLOSER LOOK,
TAX LAW under "Tax Evasion," and "Tax Fraud."
.
.
.
Tax Planning:
Any procedure of forethought by a taxpayer
to facilitate the use of tax avoidance methods applicable to his
tax situation.
.
.
.
Tax Shelter:
Any investment, deduction, or device used to facilitate tax avoidance, e.g., monetary investment in a tax exempt pension plan, energy tax credits, tax free municipal bonds, home mortgage interest deductions, etc.. See: FEDERAL TAX FORMS under "Form 8264," and "Form 8271."
(Must
Have TMBIO Full Version Password!)
.
© Copyright 
La Costa Music All Rights Reserved