From: utzoo!decvax!harpo!utah-cs!utah-gr!pwa-b!miorelli
Newsgroups: net.taxes
Title: Re: Income Averaging - (nf)
Article-I.D.: pwa-b.64
Posted: Mon Mar 21 13:11:30 1983
Received: Wed Mar 23 21:46:37 1983
References: umn-cs.203

Income Averaging for graduate students is really interesting.  I've
been doing some research on this subject and have found conflicting
opinions.  Yes, you must support yourself in each of the base period
years; however, the tax courts disagree on whether non-taxable
graduate student grants count as support by you or not.  Two versions
of the 1983 Prentice Hall Tax Guide (the big one is about 12" thick)
disagree.  It appears that different IRS centers are interpreting this
differently.  

What am I trying to say??  Well, if you want to be safe don't do it;
however if you are willing to risk an audit and fight the IRS you
might save yourself a lot of bucks.  GOOD LUCK !!!!!!!!!

-->BoB Miorelli, Pratt & Whitney Aircraft (also H & R Block)
decvax!harpo!utah-cs!utah-gr!pwa-b!miorelli