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A cash-method taxpayer is new to the concept of tax planning and recently learned of the timing strategy. To implement the timing strategy, Billups plans
A cash-method taxpayer is new to the concept of tax planning and recently learned of the timing strategy. To implement the timing strategy, Billups plans to establish a new policy that allows all his clients to wait two years to pay their co-pays. Assume that Billups does not expect his marginal tax rates to change. What is wrong with his strategy?
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