Articles, tagged with "alternative minimum tax", page 1

Year-End Tax Extenders – Where’s The Patch?

Every year at about this time Congress starts thinking about what tax laws will expire on December 31, and what it really needs to be doing about these. Of the 65 various tax provisions that will expire, one of the big ones is the annual “Patch” for the ... Read >
Author: George Bauernfeind

Should You Accelerate or Defer Income to Minimize Your Alternative Minimum Tax?

In connection with year-end tax planning, much has been written about accelerating or deferring deductions. The sometimes-overlooked question of accelerating or deferring income deserves just as much attention, especially for those in the Alternative Min... Read >
Author: George Bauernfeind

IRS Releases 2011 Version of Form 6251 - Time to Start Thinking about Year-End Tax Planning

The IRS recently released its 2011 version of the Form 6251 – Alternative Minimum Tax – Individuals. With year-end only a few months away, this serves as a timely reminder that anyone stuck in the AMT needs to start thinking about the ways they can reduc... Read >
Author: George Bauernfeind

Who Can Benefit from the Alternative Minimum Tax Credit?

With few exceptions, when the Alternative Minimum Tax is paid it is money out the door - gone forever. No surprise here since this is the way taxes work. What is a surprise to many folks, however, is that a portion of the AMT paid in one year may instea... Read >
Author: George Bauernfeind

Incorporate Your Small Business and Avoid the Alternative Minimum Tax

The Alternative Minimum Tax applies both to corporations as well as to individuals. While many of the AMT rules are the same, there are some significant differences between the two. One of the more significant of these differences is a provision that to... Read >
Author: George Bauernfeind

Double the Worry! - State Alternative Minimum Tax

A number of states have their own version of an Alternative Minimum Tax – one that is imposed at the state level, separate and distinct from the Federal Alternative Minimum Tax. While a state AMT certainly adds to the burden of those subject to the Fede... Read >
Author: George Bauernfeind

Reviving the rescue plan

Tonight, the Senate votes on a revised Wall Street rescue plan … one with more appeal to the taxpayer, and therefore presumably more appeal to legislators. On the downside, this new bailout proposal will require more than the $700 billion initially requ... Read >
Author: jerry

Tax Court Denies Challenge to the Alternative Minimum Tax, Revealing Costly AMT Taxpayer Errors

On occasion a frustrated taxpayer will go to Tax Court in an attempt to convince a judge that the Alternative Minimum Tax was never intended to apply to them. As in the case of Fritz v. Commissioner, however, no sympathy is ever found there - if the calc... Read >
Author: George Bauernfeind

Alternative Minimum Tax: who is it meant for?

The regular tax reinforcements have been modified in keeping with the levels of inflation with the exception of Alternative Minimum Tax. These are reasons perhaps that even the consumers with only a balanced income may also come under this category. Any c... Read >
Author: Best Debt Care

401(k) Roth Conversion: Alternative Minimum Tax Payers Need to Give this Serious Consideration

Recent tax law changes have opened up a whole new area of tax planning around employee retirement plans. Individuals with IRA accounts always have had the opportunity to do a Roth conversion, but now for the first time an employee’s 401(k) account also m... Read >
Author: George Bauernfeind

23-know more about alternative minimum tax 2010

"Those among us who personal small businesses and who're self employed can keep an eye on the timing of their income to a some distance better stage than the common worker or retiree. Because of this, small industry homeowners and the ones folks who're se... Read >
Author: Joseph Headlee

Looking for Cheap Life Insurance? Select the Right Life Insurance Agent

It's always a given fact that your life insurance agent has to be a professional. However in order to be a qualified professional, does a life insurance professional needs to be a chartered life underwriter? Not always, though it certainly can help. H... Read >
Author: stepjdc8po

I Am Retired – Does the AMT Apply to Me?

Of all the different types of AMT taxpayers, retirees typically are the most surprised when they find themselves stuck in the Alternative Minimum Tax. Unfortunately, there is no “age exemption" for the AMT – an individual could reach 100 and still be pay... Read >
Author: George Bauernfeind

Looking for Cheap Life Insurance? Find the Right Life Insurance Agent

It is a given fact that your life insurance broker must be a skilled professional. However in order to be a specialist, does a life insurance professional needs to be a chartered life underwriter? Possibly not, while it absolutely helps. Here’s the wa... Read >
Author: stepjdc8po

I Am an Investor – Does the AMT Apply to Me?

Every taxpayer with an investment portfolio of any size definitely needs to be concerned about the Alternative Minimum Tax. Certain types of investments, and the income earned on those investments, are likely to trigger the AMT. Most investors also have... Read >
Author: George Bauernfeind

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