How can consumer spending be planned in order to reduce taxes?
Mortgages, business tools, travel expenses, and some educational expenses can be tax-exempt or you can claim tax deductions for those expenses. If you record these expenses accurately you can reduce your taxes.
How can investments help you reduce your taxes?
Municipal bond interest is tax-exempt and therefore you don't have to claim it on your taxable income and therefore reducing your total tax liability.
What are some ways to have a successful audit interview?
Be prepared with only the records needed in an organized system, be confident in your answers with clear and concise answers, know exactly what parts of the return are in question
How can you be well-prepared for this test on Friday other than studying this study stack?