income averaging?

2 ⤊

can any business owner average out their income over a 3 year period of time?

2007-12-18 07:54:16 · 3 answers · asked by pigment 1 in Business & Finance ➔ Taxes ➔ United States

2 decades ago. Income averaging went out of the US tax code in 1986! I still get asked about it about once a month.

2007-12-18 08:03:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Gone in 1986 except for farmers and fisherman.

2007-12-18 16:04:20 · answer #2 · answered by Wayne Z 7 · 1⤊ 0⤋

no

that provision of the US tax law was abolished over a decade ago.

2007-12-18 15:58:33 · answer #3 · answered by Spock (rhp) 7 · 1⤊ 0⤋