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

Taxes

Tax preparation software

06th January 2011
More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, according to the IRS. Mr. Taxman is knocking on our doors again. Where to find some good tips to get the ...
Author: Carter Carroll
Taxes

The best free tax filing

06th January 2011
More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, according to the IRS. Mr. Taxman is knocking on our doors again. Where to find some good tips to get the ...
Author: Carter Carroll
Taxes

Alternative Minimum Tax Consequences Are Not a Result of Cost Segregation

08th September 2010
Alternative Minimum Tax consequences are not a result of cost segregation. Nor is cost segregation accelerated depreciation. Decisions regarding cost segregation and accelerated depreciation are independent by the four options as illustrated in the follow...
Author: Patrick OConnor
Taxes

Know More about Alternative Minimum Tax

21st December 2009
If you are liable for the Alternative Minimum Tax (AMT) bracket this year you may not understand how you got there to begin with. Taxes can be confusing so the more you understand it the better the outcome. If you are living in the New York and lookin...
Author: Jonathan Medows, CPA
Taxes

Lowering the Impact of the Alternative Minimum Tax

23rd November 2009
Two things strongly factor into the formula for the Alternative Minimum Tax. One is the type of investments you have. Some investments figure more consequentially in the Alternative Minimum Tax. Therefore, the structure of your portfolio is very import...
Author: Chintamani
Taxes

Tax Tip: Five Tax Facts about Summertime Child Care Expenses

20th July 2009
Summertime Tax Tip 2009-03 Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Here are five facts the IRS wants you to know about a tax credit available for child ca...
Author: kinal
Taxes

Tax Benefits for Job Seekers

19th July 2009
IRS Summertime Tax Tip 2009-01 Tax Tip: Many taxpayers spend time during the summer months polishing their résumé and attending career fairs. If you are searching for a job this summer, you may be able to deduct some of your expenses on your tax r...
Author: kinal
Taxes

IRS “Summertime Tax Tips” and the Alternative Minimum Tax

19th July 2009
In Information Release 2009-64, issued last week, the Internal Revenue Service announced that is publishing a series of periodic "summertime tax tips." The stated purpose behind issuing these tips is to provide useful and concise advice on topics that af...
Author: kinal
Legal

The 3 Big Limitations with Itemized Deductions

18th July 2009
There has been a lot of talk recently about itemized deductions. Itemized deductions are the deductions you can claim for certain personal expenses, such as, taxes, interest, charitable donations and investment expenses. The big discussion right now ce...
Author: Tom Wheelwright
Taxes

Why Do You End Up Paying the AMT?

23rd June 2009
The Alternative Minimum Tax is a parallel tax system that is an integral part of our Federal income tax system. It expands the amount of income that is taxed by adding items that otherwise are tax-free under the regular tax, and by disallowing many deduct...
Author: kinal
Taxes

Ways to Reduce Alternative Minimum Tax

23rd June 2009
The Alternative Minimum Tax is an integral part of our Federal income tax system. It is a separate, but parallel, system to what we refer to as the "regular" income tax. The AMT expands the amount of income that is taxed by including items that otherwise...
Author: kinal
Taxes

Alternative Minimum Tax Planning - Importance of Controlling Your Income Retirees

18th June 2009
Retirees usually are the most surprised of all taxpayers when they find themselves in the Alternative Minimum Tax. Unfortunately, there is no "age exemption" - if you have the right blend of income and tax deductions, it hits you just as hard as it hits e...
Author: kinal
Taxes

Alternative Minimum Tax 101

18th June 2009
It's a pretty safe bet to say that the vast majority of folks do not have an understanding of the Alternative Minimum Tax. In this next "mini-series" of articles we're going to try to give you just an outline of it, not a full-semester course as our title...
Author: kinal
Taxes

Obama and Biden release tax returns – Vice President still stuck in the Alternative Minimum Tax

18th June 2009
Shortly after April 15 President Barack Obama and Vice President Joe Biden released their 2008 income tax returns. What these tax returns showed is that the President is not paying the Alternative Minimum Tax, but that the Vice President is still stuck in...
Author: kinal
Taxes

Origin of the Alternative Minimum Tax - 1969 (yes, the same year as Woodstock)

18th June 2009
From Title 26 of the United States Code - also known as the Internal Revenue Code: "Subchapter A of chapter 1 (relating to determination of tax liability) is amended by adding at the end thereof the following new part: "Part VI - Minimum Tax for Ta...
Author: kinal
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