A post actually about taxes....

Jerry · Joined: 18 Dec 2007 Posts: 5

I've been using the basic tax package from what was Tobias
(now HR Block?) for years and this year I think I should
look into tax averaging. I don't think the basic package has
the tax averaging options or a least I didn't find it.

Can someone recommend what level package (ie, a vendor and
precise name of the package) that has this feature? Thanks.

Archived from group: us>taxes

Paul Thomas, CPA · Joined: 25 Aug 2007 Posts: 3094

"Jerry" wrote
> I've been using the basic tax package from what was Tobias (now HR Block?)
> for years and this year I think I should look into tax averaging. I don't
> think the basic package has the tax averaging options or a least I didn't
> find it.
>
> Can someone recommend what level package (ie, a vendor and precise name of
> the package) that has this feature? Thanks.

If you mean "income averaging", that option is all but history.

Some farmers and fishermen, and certain people who receive pension plan
distributions may elect income averaging.

--
Paul A. Thomas, CPA
Athens, Georgia

Jerry · Joined: 18 Dec 2007 Posts: 5

Yeah, but if my income went WAY down? Do you know what
packages are available?

Paul Thomas, CPA wrote:
> "Jerry" wrote
>> I've been using the basic tax package from what was Tobias (now HR Block?)
>> for years and this year I think I should look into tax averaging. I don't
>> think the basic package has the tax averaging options or a least I didn't
>> find it.
>>
>> Can someone recommend what level package (ie, a vendor and precise name of
>> the package) that has this feature? Thanks.
>
>
>
>
> If you mean "income averaging", that option is all but history.
>
> Some farmers and fishermen, and certain people who receive pension plan
> distributions may elect income averaging.
>
>
>
>

Paul Thomas, CPA · Joined: 25 Aug 2007 Posts: 3094

"Jerry" wrote
> Yeah, but if my income went WAY down? Do you know what
> packages are available?

NONE. Income averaging is not an option.

If you are looking for cheap or free software, then ask.

--
Paul A. Thomas, CPA
Athens, Georgia

> Paul Thomas, CPA wrote:
>> "Jerry" wrote
>>> I've been using the basic tax package from what was Tobias (now HR
>>> Block?)
>>> for years and this year I think I should look into tax averaging. I
>>> don't
>>> think the basic package has the tax averaging options or a least I
>>> didn't
>>> find it.
>>>
>>> Can someone recommend what level package (ie, a vendor and precise name
>>> of
>>> the package) that has this feature? Thanks.
>>
>>
>>
>>
>> If you mean "income averaging", that option is all but history.
>>
>> Some farmers and fishermen, and certain people who receive pension plan
>> distributions may elect income averaging.

Phil Marti · Joined: 25 Aug 2007 Posts: 2520

"Paul Thomas, CPA" wrote:

>> Yeah, but if my income went WAY down? Do you know what
>> packages are available?

> NONE. Income averaging is not an option.
>
> If you are looking for cheap or free software, then ask.

Maybe a tax year 1985 program? Did they exist then?

--
Phil Marti
Clarksburg, MD

Jerry · Joined: 18 Dec 2007 Posts: 5

OK, if you say that income averaging is not an option, fine.
But what does that have to do with cheap or free software?
If it's not an option, then no software would provide this
for my tax return, cheap or otherwise.

Paul Thomas, CPA wrote:
> "Jerry" wrote
>> Yeah, but if my income went WAY down? Do you know what
>> packages are available?
>
>
>
>
> NONE. Income averaging is not an option.
>
> If you are looking for cheap or free software, then ask.
>
>
>
>

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