TCP CPA Practice Questions: The Timing of Income and Expenses for Tax Planning
In this video, we walk through 5 TCP CPA exam practice questions teaching about the timing of income and expenses for tax planning purposes, including the effects of changing tax rates and legislation.
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00:00 Intro
00:54 Question 1: Calculating Greatest Tax Savings
03:05 Question 2: Changes in the Standard Deduction
05:04 Question 3: Deciding Whether to Increase Charitable Donations
06:52 Question 4: Deciding Whether to Increase Charitable Donations Continued
08:35 Question 5: Cash Basis Tax Payers and State Taxes
10:29 Pillar Topics