Which of the Following Does Not Limit the Income Shifting

question 52

Multiple Choice

Which of the following does not limit the income shifting strategy?

• A) Assignment of income doctrine.
• B) Business purpose doctrine.
• C) Step-transaction doctrine.
• D) Substance-over-form doctrine.
• E) None of the choices are correct.

---

Definitions:

Hot Tub Water Heater

A device used specifically to heat the water in a hot tub to a comfortable and therapeutic temperature.

Selling Price

The amount of money for which a product or service is sold to the purchaser.

Halogen Lamp

A type of incandescent lamp that contains a small amount of halogen gas to increase light output and efficiency.

Markup Percent

The percentage added to the cost price of goods to cover overhead and profit, determining the selling price.