In a Closed Transaction, the Scope of Tax Planning Is

Multiple Choice

In a closed transaction, the scope of tax planning is:

A) more limited as compared toan open transaction
B) limited by the IRS rules of practice
C) limited topresenting the taxpayer's facts tothe government in the most favorable, legal manner
D) more limited as compared toan open transaction and limited topresenting the taxpayer's facts tothe government in the most favorable, legal manner