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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 cashmethod 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 copays. Assume that Billups does not expect his marginal
tax rates to change. What is wrong with his strategy?
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