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Elements of tax preparation, basic concepts, planning

Describe the most common elements of tax preparation.
Discuss the basic concepts of individual income tax law.
Discuss the principles of individual income tax and tax planning strategies.

Solution Summary

The 546 word solution first shows a list of 11 procedures common to tax preparation in a CPA firm. The rest of the solution provides a good narrative explanation of concepts, principles and tax planning strategies for tax preparers.