"Gift Tax Planning" Please respond to the following: • Per the text, gift tax-planning strategies can reduce tax for estate tax-planning purposes. Estate tax planning is very important for wealthy clients. Examine one (1) tax-planning strategy that a CPA could use for lifetime giving that would reduce overall estate and gift taxes for a client. • Recommend at least one (1) tax-planning strategy you would use if a client was terminally ill. Provide a rationale for your recommendation.
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