Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site brl-vgr.ARPA Path: utzoo!watmath!clyde!burl!ulysses!harpo!seismo!brl-vgr!wmartin From: wmartin@brl-vgr.ARPA (Will Martin ) Newsgroups: net.taxes Subject: Rounding or exact -- which is better? Message-ID: <2427@brl-vgr.ARPA> Date: Mon, 12-Mar-84 13:38:05 EST Article-I.D.: brl-vgr.2427 Posted: Mon Mar 12 13:38:05 1984 Date-Received: Tue, 13-Mar-84 08:54:59 EST Organization: Ballistics Research Lab Lines: 18 I have always figured my returns out to the exact cent. The couple years we had a CPA do ours, due to having a business during that time, I noted that he figured using the option (described in the instructions) of rounding to the even dollar amount. Has anyone seen any published figures which show which method will average out best for the taxpayer? Using the percentage computation basis, it could only save at most a dollar each return, but better a dollar kept in my pocket than sent to the taxman... Using the Tax Tables, though, it can be of more importance, it seems. This year, a few cents made a big difference; I came out only a few cents under a cut-off point in the Tax Tables, which saves $11 or so. Rounding would have put me in the next range. Will Martin