Which of the Following Statements Regarding the Tax Research Process

question 28

Multiple Choice

Which of the following statements regarding the tax research process is true?

• A)Before a researcher can analyze the tax consequences of a transaction,he or she must thoroughly understand the transaction.
• B)Tax research is often conducted as part of both tax compliance and tax planning activities.
• C)Tax research is a critical skill for the tax practitioner.
• D)All of the above statements are true.

---

Definitions:

Developmental Stages

The stages children go through as the libido moves through the body.

Libido

Sigmund Freud’s term for sexual psychic energy.

Wish Fulfillment

A psychoanalytic concept where dreams or fantasies allow subconscious desires to be realized.

Defense Mechanism

A psychological strategy unconsciously used to protect oneself from anxiety arising from unacceptable thoughts or feelings.