miorelli (12/13/82)
INDIVIDUALS ELIGIBLE TO USE INCOME AVERAGING
computation year (def) - the tax year for this return, i.e. 1982 for
returns due 4/15/83
base years (def) - the four years immediately preceding the computation
year, i.e 78, 79, 80, 81 for a 1982 computation year
AGI (def) - Adjusted Gross Income: the last line on page 1 of the 1040.
+------------------------------+
| Were you a U.S. citizen or |
| resident alien in all the | No
| base years and in the comp- |------------+
| utation year? | |
+------------------------------+ |
| Yes |
| |
V |
+------------------------------+ |
Yes | Did you furnish at least 50% | |
+-----------| of your own support in each | |
| | of the base years? | |
| +------------------------------+ |
| | No |
| | |
V V V
+------------------+ +-----------------------+ +----------------------+
| You may income | | Are you 25 or older? | | You man not income |
| average (Sch G) | +-----------------------+ | average (sorry) |
+------------------+ / \ +----------------------+
^ / Yes No \ ^
| / \ |
| / \ |
| +---------------+ +------------------+ |
| | In how many | | Is more than half| |
| | years since | | of your taxable | |
| 4 or | the year in | | income for the | |
|<-------| which you be- | | current year from| |
| more | came 21 were | | work which was | |
| | you not a | | primarily per- | |
| | student? | | formed in two or | |
| +---------------+ | more of the base | |
| | | years? | |
| | +------------------+ |
| | ^ | | |
| | less than 4 | | | No |
| +---------------+ | | |
| Yes | | |
|<----------------------------------+ | |
| V |
| +----------------------+ |
| | Are you married |No |
| | filing jointly with |-->|
| | your spouse? | |
| +----------------------+ |
| | Yes |
| | |
| V |
| +----------------------+ |
| | Is your income 25% or| |
| Yes | less of the combined |No |
+---<------------------------| AGI of you and your |-->+
| spouse? |
+----------------------+