The Business Purpose Doctrine

question 68

Multiple Choice

The business purpose doctrine:

• A)Requires a transaction to be initiated by a business
• B)Requires a transaction to benefit the business owner
• C)Requires the transaction to have an economic purpose other than tax avoidance
• D)Requires the treatment of a transaction to be based on reality not appearances

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Definitions:

Anal

Related to the anus; often used in the context of anal sex or anal hygiene.

Oedipal Complex

A psychoanalytic concept proposed by Freud, suggesting that a boy experiences unconscious sexual desires for his mother and jealousy and rivalry towards his father.

Electra Complex

A psychoanalytic theory positing that a girl's psychosexual competition with her mother for possession of her father.

Sexual Fantasies

Sexual fantasies are mental imagery or thoughts of sexual nature that can enhance sexual desire and arousal.