Chapter 3- Tax Planning Strategies and Related Limitations

Beschreibung

This is a mind map for BUS 419 Chapter 3.
Lucille Lamberson
Mindmap von Lucille Lamberson, aktualisiert more than 1 year ago
Lucille Lamberson
Erstellt von Lucille Lamberson vor mehr als 2 Jahre
4
0

Zusammenfassung der Ressource

Chapter 3- Tax Planning Strategies and Related Limitations
  1. Tax avoidance
    1. Legal act of arranging your transactions to minimize taxes paid
    2. Tax evasion
      1. Willful attempt to defraud the government by not paying taxes legally owed
      2. Future value = Present value x (1 + r) ^n
        1. Present value = Future value / (1 +r) ^n
          1. Tax-related timing strategies when tax rates are constant
            1. Accelerate tax deductions
              1. Deduct in an earlier period
              2. Defer recognizing taxable income
                1. Recognize in a later period
              Zusammenfassung anzeigen Zusammenfassung ausblenden

              ähnlicher Inhalt

              ICT2104 Chapter 3: GPIO
              Meixi Lim
              How to Create A Mindmap
              PatrickNoonan
              Creating Mind Maps with GoConqr
              Sarah Egan
              NEW: ExamTime's Mind Map Maker
              Andrea Leyden
              Macbeth Quotes/Themes
              Michael LEwis
              Genes, The Genetic Code, DNA and Chromosomes
              Bee Brittain
              CUBAN MISSILE CRISIS
              Olivia Andrews
              How Villainy is Depicted in Macbeth
              scarletsnow491
              Philosophy
              Rebecca Harbury
              Health and Social Care PIES
              s1501118
              Asch Study and Variations
              littlestephie