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Can I defer income on my taxes until next year

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Can I defer income on my taxes until next year ?
Submitted: 8 years ago.Category: Tax
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2/18/2009
Tax Professional: Ed Johnson, Tax Preparer replied 8 years ago
Ed Johnson
Ed Johnson, Tax Preparer
Category: Tax
Satisfied Customers: 10,760
Experience: GPHR Cert; U.S. Treasury Tax Advocacy Panel appointee
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DearCustomer

 

Unfortunately there is no way to defer income until next year for cash accounting tax payers.

 

There is income averageing for some tax payes involved in forestry, farming, and commercial fishing only.

 

 

 

Ed Johnson
Ed Johnson, Tax Preparer
Category: Tax
Satisfied Customers: 10,760
Experience: GPHR Cert; U.S. Treasury Tax Advocacy Panel appointee
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