Maxims of tax planning


Problem: The four "maxims" of tax planning are relatively straightforward, and don't need rehashing here. The text also mentions considering "nontax" factors, which is often times a very important and very overlooked aspect of the decision making process.

There is a saying common among CPAs that goes "don't let the tax tail wag the dog..." What does that mean?

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Accounting Basics: Maxims of tax planning
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