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From: johnson@hplabsc.UUCP (Mark Scott Johnson)
Newsgroups: net.taxes
Subject: Re: Income Averaging
Message-ID: <2410@hplabsc.UUCP>
Date: Tue, 19-Feb-85 11:48:19 EST
Article-I.D.: hplabsc.2410
Posted: Tue Feb 19 11:48:19 1985
Date-Received: Wed, 20-Feb-85 03:45:26 EST
Organization: Hewlett Packard Labs, Palo Alto CA
Lines: 14

>                                          Is there any way that
>income averaging could be used, after the fact (perhaps by filing
>amended returns for the years in question), to reduce the taxes already
>paid and receive refunds, in cases where one's income precipitously
>DECREASED (such as by a working spouse stopping working)?

There is provision in the tax code for companies to average losses
against previous gains, but to the best of my knowledge there is no
equivalent provision for individuals.
-- 
Mark Scott Johnson
CSnet:   Johnson%hplabs@csnet-relay.csnet
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