Is deferring income and accelerating deduction good strategy

Reference no: EM132082388

Question: 1. Which method of accounting offers the taxpayer the most control over the timing of income recognition and deduction of expenses? Why?

2. Is deferring income and accelerating deductions a good strategy to avoid taxes? If yes give an example.

3. Is deferring income and accelerating deductions ALWAYS a good tax planning strategy? Explain.

Reference no: EM132082388

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