Articles, tagged with "alternative minimum tax", page 1
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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 ...
The best free tax filing
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 ...
Alternative Minimum Tax Consequences Are Not a Result of Cost Segregation
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...
Know More about Alternative Minimum Tax
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...
Lowering the Impact of the Alternative Minimum Tax
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...
Tax Tip: Five Tax Facts about Summertime Child Care Expenses
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...
Tax Benefits for Job Seekers
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...
IRS “Summertime Tax Tips” and the Alternative Minimum Tax
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...
Why Do You End Up Paying the AMT?
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...
Ways to Reduce Alternative Minimum Tax
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...
Alternative Minimum Tax Planning - Importance of Controlling Your Income Retirees
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...
Alternative Minimum Tax 101
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...
Obama and Biden release tax returns – Vice President still stuck in the Alternative Minimum Tax
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...
Origin of the Alternative Minimum Tax - 1969 (yes, the same year as Woodstock)
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...
Estimated taxes – planning for 2nd quarter Alternative Minimum Tax payments due June 15
The second quarter for estimated tax purposes actually is a bit of a misnomer. The "quarter" consists of taxes for the months of April and May alone, unlike a normal three-month quarter. In any event, these estimated taxes must be paid by next Monday, Ju...
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