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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (295)	12/21/1997 4:11:00 PM
From: Gary	Read Replies (1) \| Respond to of 5810

Colin There is no hurry for them to address this as it is not imininent at this moment. They could not even finalize capital gain allocations and the IRS went ahead and did the forms for 1997 on the assumption that Congress would pass the technical corrections legislation as it was not controversial. If the people passing tax laws worked for a living in the area they "violate", then maybe things would be a little more cut and dry, complete and a lot less complicated. If nothing else there would be one effective date and only one set of income threshholds instead of what we have now. It's insantity. Gary

To: Colin Cody who wrote (295)	12/22/1997 12:46:00 AM
From: Sonki	Respond to of 5810

u can ask ur company to do defeer your salary for the whole year to next yr. i.e. u don't take salary next yr. live of ur current assets. and u can let ur company borrow ur income for 6-7% corp bond. companies do this for highly paid executives. this an awful problem even if they did not have 100k limit. if u make 100k + u pull out ur ira /4 that could be lot of income. some how i don't see anyone in a real rush to convert. except now is a great time to convert while the market is down....