From: utzoo!decvax!harpo!npoiv!npois!houxm!houxa!houxi!houxz!ihnp4!stolaf!umn-cs!smith
Newsgroups: net.taxes
Title: Re: Income Averaging - (nf)
Article-I.D.: umn-cs.203
Posted: Sat Mar  5 23:54:52 1983
Received: Tue Mar 22 07:43:45 1983

#R:uiucdcs:13200006:umn-cs:10500005:000:633
umn-cs!smith    Mar  5 12:51:00 1983


  To income average, you must have supported yourself for the past 4 years
in addition to meeting the increasing income requirement.  "Supporting
yourself" means paying more that 50% of your own expenses, NOT including
money from your parents OR from tax exempt fellowships.

  I remember seeing a book, perhaps "Tax Guide for Engineers", that gave
an example in which someone ultimately saved more money by paying taxes on
assistantship income and then income averaging after leaving school.  I
don't remember what the criteria are;  if you're expecting to enter industry
rather than teach, you might fall in this category.

Rick.