Hello and thank you for using Just Answer,The Income Tax Act of 1986 abolished Income Averaging for all but a few tax payers. Those taxpayers that may use income averaging are farmers, fishermen, and some retired individuals that receive pension income.The LLC, is this a sole owned LLC?
Yes I own all shares of the LLC
The Income is from Highway Const & equip Busniess
Unless the LLC is for a farm or fishing then income averaging would not be an option unfortunately.
OK Thank you
Which I could advise differently
Your positive rating is always thanks enough.
When you visit your question homepage, you’ll see a link to request me again. This link displays and works whether I am online or offline.
Let me know if you have any difficulty with the rating options.