The acceleration of expenses to early periods and the postponement of income to later periods are key ingredients of most tax shelters.The term used to describe this aspect of a tax shelter is conversion.

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The term used to describe this aspect of a tax shelter is deferral, not conversion. Deferral strategies involve delaying tax liabilities to a future period rather than converting the type of income or expense.

The Acceleration of Expenses to Early Periods and the Postponement