Identify the tax issue or issues suggested by the following situation, and state each issue in the form of a question.
Firm Z is considering implementing a long-term tax strategy to accelerate the deduction of certain business expenses. The strategy has an opportunity cost because it de-creases before-tax cash flows, but the tax savings from the strategy should be greater than this opportunity cost. The strategy is aggressive, and the IRS might disallow the intended tax outcome if it audits Firm Z’s tax returns.