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Posted by Rich Carreiro on February 13, 2007, 5:41 pm
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> My son received a one time bonus which almost tripled his
> 2006 income over previous years and what he expects to earn
> in the next few years.
>
> In the old days there was a provision called Income
> Averaging that allowed a TP to spread a bonus like this over
> five years. Anything similar in the current tax code that
> would help in this situation.
Nope, unless you're a farmer and this is farming income.
--
Rich Carreiro rlcarr@animato.arlington.ma.us
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