Too bad "income averaging" was repealed in 1986.

Post #417,423 by a6l6e6x 3/7/17 11:11:41 PM 3/7/17 11:11:41 PM Reply	Too bad "income averaging" was repealed in 1986. It would have a savior Lina. But, if she is self-employed or even incorporated there's the Keogh plan for retirement. It would be good for up to $54K to be put into a tax deferred account. Or even $215K if it's a defined benefit Keogh. It's something to check out, anyway. One link. The tax guy should now this stuff. Alex "There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge." -- Isaac Asimov
Post #417,424 by rcareaga 3/8/17 12:52:09 PM 3/8/17 12:52:09 PM Reply	gimme shelter They discussed various options for kicking a portion of the tax liability down the road—I tuned out for this, reasoning that an accountant and and attorney can between them likely settle upon a strategy without my input—but I believe that the estimated tax payment is substantial because the projected 2017 earnings will likely be larger by a not-inconsiderable fraction than last month's impressive windfall, with substantial sums already in the pipeline. It's not a bad problem to have, and who knows? Maybe the White Privilege Tax Relief Act of 2017 will soften the bite. cordially,
Post #417,426 by boxley 3/8/17 5:04:59 PM 3/8/17 5:04:59 PM Reply	if the bite would be more maneagble in monthly chunks, get a payroll service ADP is who I use. All income gets distributed monthly via w2 wages with all taxes paid. Cost "Science is the belief in the ignorance of the experts" – Richard Feynman

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