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Path: utzoo!linus!security!genrad!decvax!harpo!eagle!mhuxl!ihnp4!ihuxk!rs55611
From: rs55611@ihuxk.UUCP
Newsgroups: net.taxes
Subject: Re: Re: deferred income?
Message-ID: <507@ihuxk.UUCP>
Date: Wed, 7-Dec-83 18:04:19 EST
Article-I.D.: ihuxk.507
Posted: Wed Dec  7 18:04:19 1983
Date-Received: Fri, 9-Dec-83 07:48:51 EST
References: <747@ihuxm.UUCP>
Organization: AT&T Bell Labs, Naperville, Il
Lines: 14

One of the few instances where income can be counted in the year it
was earned (ie., the year the work was done), instead of the year in which
the money was received, is in one "fine print" rule associated with
income averaging.  This rule works in favor of the individual, and allows
income averaging in some cases where you might not otherwise be eligible,
if a big chunk of this year's income is directly due to work done in
previous years.  One example would be a big royalty check received for
a book written in a previous year.  I won't attempt to outline all of
the stipulations, but it's in all of the federal publications talking
about income averaging eligibility.

Bob Schleicher
ihuxk!rs55611
Bell Labs, Naperville, Ill.