Federal Tax Return Analysis & Alternative Minimum Tax (AMT) Overview
FREE
Discover what items are causing you to be trapped by AMT, gain a basic understanding of the Alternative Minimum Tax, and get the latest from Capitol Hill on the AMT patch (the adjustment to the AMT exemptions).
Comprehensive: Analysis, Personalized Strategies, & Dual Tax Calculator / AMT Planner
$79.95
Discover your AMT triggers, receive personally customized Alternative Minimum Tax reduction strategies AND calculate your Regular and AMT tax with the dual tax calculator / AMT Planner to reduce your tax bill.
Comprehensive plus Live Alternative Minimum Tax Help / Expert Assistance
$149.95
Receive all of the benefits of the Deluxe product (tax analysis, customized tax reduction strategies, dual tax calculator and scenario planner) plus get live access to our experts to discuss anything Alternative Minimum Tax.
Tax Planning / Tax Reduction Strategies
Planning for Taxes to Reduce Your Tax Bill is very simple...
- Federal Tax Return Analysis - review the latest tax return to see what is going on.
- Alternative Minimum Tax (AMT) Triggers Identified - list the tax items that are trapping you in the AMT.
- Personalized Strategies to Reduce the AMT - based on each AMT item, your filing status, state of residency, deductions, etc., receive personalized tax reduction strategies.
- Dual Tax Calculator to Run Various Tax Scenarios - calculate both the Regular Tax and AMT to determine tax impact / tax owed and find the lowest possible tax situation.
- Take Action and Reduce AMT Tax Bill - get results, lower your taxes!
Recent Articles on the Alternative Minimum Tax (by Our Experts)
Passive Activities
One of every seven taxpayers subject to the Alternative Minimum Tax is paying it, at least in part, because of what is known in the tax law as a passive activity. A passive activity is the tax characterization of a certain type of investment, and it may be possible for a taxpayer to reduce his AMT by paying attention to the investments in his portfolio that are triggering this item.
[...]
ReadMore...
Medical and Dental Expenses
The itemized deduction for medical and dental expenses is an item that affects a significant number of individuals who are stuck in the Alternative Minimum Tax. Depending on the type of health insurance an individual has (high deductible plan with a Health Savings Account versus a high amount of coverage with a small copay), and the type of expense incurred (elective procedures versus immediate medical needs), there may be some fairly easy opportunities for AMT savings. The key to this is in the timing of when the medical bills are paid.
[...]ReadMore...
Disposition of Business or Rental Property
In our last article we talked about the Alternative Minimum Tax item resulting from depreciation of business or rental property. A direct corollary of that issue is the AMT item that results from any subsequent sale or other disposition of such property. Critical to minimizing a taxpayer’s AMT is an understanding of the relationship between these two items.
[...]
ReadMore...
Recent Videos on the Alternative Minimum Tax (AMT)
