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From: rlp@cbscd5.UUCP (R L Platt)
Newsgroups: net.taxes
Subject: Re: tax avoidance vs tax evasion
Message-ID: <1000@cbscd5.UUCP>
Date: Sun, 13-Nov-83 16:19:42 EST
Article-I.D.: cbscd5.1000
Posted: Sun Nov 13 16:19:42 1983
Date-Received: Tue, 15-Nov-83 00:12:44 EST
References: <191@houxd.UUCP>
Organization: AT&T Bell Laboratories <SCCS>, Columbus
Lines: 33

OK, here are a few things you can do NOW to lower your taxes.

[1] Try to defer income (salary, consulting fees, etc.) till
    next year when the (U.S) tax rates will be lower.

[2] Try to incur deductible expenses NOW.  This includes
    things like:
	[a] Interest charges (prepay some of next years
	    loan payments)
	[b] Professional organizations, journals - Pay
	    your ACM/IEEE dues this year, get your N
	    year subscription to a computing or financial
	    journal.
	[c] Buy a computer - try to convince the auditor
	    that you DON'T use it to play Zork!
	[d] Sell those Coleco shares you bought at 67, or
	    the Fortune Systems you bought at 22.  If you
	    held it less than a year you can take a short
	    term capital loss.
	[e] Give money to your favorite charity or favorite
	    political candidate (check limits for political
	    contributions).

[3] Consider an IRA - you can deduct the cost of the IRA (up to $2000)
    from your gross income.  In MOST states you can even deduct it from
    your state taxes.  The interest on the IRA is tax-deferred.  You have
    till April 15th (perhaps even August 15th) to pick up an IRA for 
    deductions on 1983 taxes.

				R. L. Platt
				cbscd5!rlp

P.S. I WON'T be there if you get audited!