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Subject:  Re: Capital gains tax for an estate? Date:  7/8/2012  7:33 PM
Author:  Wradical Number:  116412 of 131229

I'm self-employed. Is it legal for me to have my agent hold back payments until next year?
Of course it is. Income is still taxable in the year you had constructive control of it, though.

Rule Your Retirement Home Fool

Phil's right. But it's also true that tax rates will go up next year for a lot of people, if the "Bush era tax cuts" expire, as they are scheduled to do, in the absence of congressional action.

So think carefully about the ramifications of deferring income to next year. It might not be a good year to do it.

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