There’s a new kid in town. For years, most people did not need to worry about AMT. When it did apply, it was usually due to claiming the capital gains exemption or large tax shelter deductions.
Now, AMT is going to be much more common. There are more adjustments, and the tax rate is higher. In particular, only 50% of interest expense is deductible for AMT (with a few exceptions).
The computer will figure out AMT calculations for you, but it won’t do the planning. You can’t do the planning until you know what caused the AMT.
Learn the ins and outs and the best planning ideas. Don’t get caught because enough is enough.
Each year, we put on a Tax Seminar Series with important updates and tax planning ideas. It has been attended by thousands of CPAs over the years. Most repeat year after year.
Session 2 of our Tax Seminar Series covers AMT from A – Z. There are numerous worked examples and planning ideas.
Find out how you can register and learn new tax planning ideas.