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Old 03-01-2012, 01:04 AM #16
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echoes long ago echoes long ago is offline
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echoes long ago's Avatar
 
Join Date: May 2008
Location: new york
Posts: 1,589
15 yr Member
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you can usually reduce the taxes you owe by spreading out the back pay for the years that it is for. in other words you can file so that all of the backpay isnt for 2012, it can be applied to 2011, 2010 etc for whatever years it covers.

http://www.irs.gov/publications/p915/ar02.html

http://www.irs.gov/publications/p915...blink100097893
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