Techniques That Can Be Used to Minimize the Current Period

Multiple Choice

Techniques that can be used to minimize the current period tax liability include:

A) Recognizing the interaction between the regular income tax liability and the alternative minimum tax liability.
B) Utilization of special allocations.
C) Favorable treatment of certain fringe benefits.
D) Minimizing double taxation.
E) All of the above can be used for effective tax planning.