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Billups, a physician and cash - method taxpayer, is new to the concept of tax planning and recently learned of the timing strategy. To implement

Billups, a physician and 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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