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To: Timbo who wrote (7826)	8/14/1998 1:24:00 PM
From: JOE MEDSKER	Read Replies (1) \| Respond to of 19331

T, There has to be a CPA out there who has the answer. Best Regards

To: Timbo who wrote (7826)	8/14/1998 4:31:00 PM
From: Art Vandelay	Respond to of 19331

Timbo, Try posting your question to Colin, I think he deals with taxes. I am a CPA but only have worked in corporate finance/accounting in my career. Art --hates taxes as much the next person --bo

To: Timbo who wrote (7826)	8/14/1998 6:21:00 PM
From: Grantcw	Read Replies (2) \| Respond to of 19331

Hello Timbo, I'm not officially a CPA yet as I haven't worked for a year in a public accounting firm, but I just passed the test. I really do hate tax, but I think I can answer your question. The 1996 tax would be equal to 84020.50 + .396(500,000 - 263750) You don't subtract the 84020 out of the second part of the equation. I hope I'm right! See ya, Grant

To: Timbo who wrote (7826)	8/14/1998 10:51:00 PM
From: Colin Cody	Respond to of 19331

OT personal tax, I read Grant's reply and agree that that's the way the tax computation is worked through. I didn't check any of the math or the numbers used for 1996, but the METHOD Grant used is the way to go!! . With an income that high, and filing late, and apparently filing as a self-preparer, you might be an audit candidate... The Service might see a complicated return, and "figure" a self-preparer might be prone to make some mistakes, IMO. . You MIGHT want to consider doing the return, and then having someone (a CPA, EA or even H&R Block) look it over/redo it and sign off on it for you. . Colin Colin