Preparing Tax Returns and Engaging in Tax Planning Is Performed

question 214

Multiple Choice

Preparing tax returns and engaging in tax planning is performed by

• A) public accountants only.
• B) private accountants only.
• C) both public and private accountants.
• D) IRS accountants only.

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Definitions:

Incorporator

A person or entity that signs the articles of incorporation, thereby initiating the creation of a corporation.

De Jure Status

A legal term that means something is recognized by law, regardless of the actual situation on the ground.

Cumulative Voting

A voting system used in corporate elections that allows shareholders to allocate all their votes to one candidate or distribute them among several candidates.

Minority Shareholders

Owners of a smaller portion of a company's shares, who do not have control or majority influence over the company's decisions.