Question 8 2 pts Tucker owns an interior design company. His business, which is a cash- basis, calendar-year company, typically has a lot of customers during the last two weeks of November and the first two weeks of December as people seek to spruce up their homes prior to hosting family and friends for holiday gatherings. Tucker's accountant has encouraged him to delay billing clients for his end-of-year work to help him defer recognizing that income for tax purposes until the following year. Tucker likes the idea of paying less in taxes, so he instructs his billing department to hold all client invoices starting on November 15th until after January 1st. However, on November 25th, Tucker receives an unexpectedly large property tax bill that is due December 31st. Tucker will not be able to pay the bill without receiving additional revenue from his clients, so he releases the invoices from the end of November. What type of tax planning strategy was Tucker trying to employ? Income shifting tax planning Conversion tax planning Timing tax planning Question 9 2 pts Please select all correct answers. Using the information in the question above, what limitation(s), if any, did Tucker face while implementing this tax strategy? Business purpose doctrine Constructive receipt doctrine Assignment of income doctrine Tucker does not face any limitations. O Non-tax costs Arms-length transaction rule Question 8 2 pts Tucker owns an interior design company. His business, which is a cash- basis, calendar-year company, typically has a lot of customers during the last two weeks of November and the first two weeks of December as people seek to spruce up their homes prior to hosting family and friends for holiday gatherings. Tucker's accountant has encouraged him to delay billing clients for his end-of-year work to help him defer recognizing that income for tax purposes until the following year. Tucker likes the idea of paying less in taxes, so he instructs his billing department to hold all client invoices starting on November 15th until after January 1st. However, on November 25th, Tucker receives an unexpectedly large property tax bill that is due December 31st. Tucker will not be able to pay the bill without receiving additional revenue from his clients, so he releases the invoices from the end of November. What type of tax planning strategy was Tucker trying to employ? Income shifting tax planning Conversion tax planning Timing tax planning Question 9 2 pts Please select all correct answers. Using the information in the question above, what limitation(s), if any, did Tucker face while implementing this tax strategy? Business purpose doctrine Constructive receipt doctrine Assignment of income doctrine Tucker does not face any limitations. O Non-tax costs Arms-length transaction rule