Which method of accounting offers the taxpayer the most


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.

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Finance Basics: Which method of accounting offers the taxpayer the most
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