Question: D Question 5 5 pts Peter Edwards is contemplating paying his son to help maintain medical records. He intends to employ an income-shifting tax

D Question 5 5 pts Peter Edwards is contemplating paying his son

D Question 5 5 pts Peter Edwards is contemplating paying his son to help maintain medical records. He intends to employ an income-shifting tax strategy to reduce the family's overall tax liability. The constructive receipt doctrine is a natural limitation for this strategy. True. False Question 6 5 pts Deductions result in tax benefits which for a cash-basis taxpayer represent cash inflows. True False

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