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From: smith@umn-cs.UUCP
Newsgroups: net.taxes
Subject: Re: Income Averaging - (nf)
Message-ID: <272@umn-cs.UUCP>
Date: Sun, 5-Jun-83 21:20:10 EDT
Article-I.D.: umn-cs.272
Posted: Sun Jun  5 21:20:10 1983
Date-Received: Tue, 7-Jun-83 21:14:29 EDT
Lines: 16

#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.