Question: Accounting Periods and Methods and Property Transactions" Please respond to the following:
Select at least two special accounting methods, and propose one change to each of the methods you selected that would benefit taxpayers. Justify your response.
Create a scenario where a like-kind exchange transaction occurs between two (2) family members for dissimilar types of property.
Propose one strategy to maximize the tax avoidance and minimize IRS scrutiny. Support your proposal with one (1) real-world example.