- How to Reduce the AMT / AMT Planning
Alternative Minimum Tax Planning & Reduction Strategies
- Step 1: Know which items could cause you to be caught in the AMT
- Step 2: Understand the current environment and stay on top of tax policy changes
- Step 3: Understand the relationship between the regular tax and the AMT, including differences in the tax rate structures and their overall impact
- Step 4: Identify and implement strategies that are right for you, to find the optimal tax solution with a goal of reducing your AMT
- Step 5: Continue to calculate your AMT and review your plan periodically-- especially as your income, deductions, and personal and family situation change—to see how these changes impact your assumptions
Note - the sooner you get started, the more options you will have.
AMT Strategies that we provide cover each AMT/preference item and are targeted to help you plan and reduce your AMT. Each strategy includes the following sections:
- Planning Thought - a simple, plain English one sentence summary of what you are trying to accomplish
- Regular Tax - detailed explanation of the tax treatment; customized with your tax data
- Alternative Minimum Tax (AMT) - detailed explanation of the tax treatment and difference to the Regular Tax; customized with your tax data once again to make it "real"
- Strategies - detailed strategies, explained in plain English with real examples, customized with your tax data and actions for you to take with the goal of reducing or avoiding the AMT
AMTIndividual Deluxe AMT Calculator and Planner enables you to run numerous "what if" scenarios, implementing the AMT Planning steps, AMT Strategies, and answering the Top 4 most frequently asked questions about the alternative minimum tax:
1. Am I in the Alternative Minimum Tax (AMT) this year? Our software will tell you Yes or No, whether or not you are in the AMT...quick.
2. Why am I in the AMT? We will show you each AMT item that is causing you to be in the AMT. Did you know that the number 1 item trapping individuals in the AMT is State & Local Income and Sales taxes? 94% of all AMT payers paid these taxes. But, remember there are 28 other items that can trap you in the AMT just as easily.
3. What is my AMT amount this year? You will be provided with an accurate and exact amount of your alternative minimum tax. We replicate the Form 6251 - Alternative Minimum Tax for Individuals, so there is no guessing, missing information or round about numbers. You are also provided the tax tables so you can see the income breaks if you want to optimize your tax bill.
4. What can I do to Avoid or Reduce my AMT and create Tax Savings? You are provided the alternative minimum tax calculator & planner tool that allows you to run as many scenarios as you desire to find the right balance of income and expenses to minimize your AMT bill. In addition, you are provided personalized, written strategies that you can implement, all to lower your taxes! Plus, you can use the calculator to estimate W-2 withholdings and quarterly estimated tax payments.
Your Next AMT Tax Bill with AMTIndividual
AMTIndividual Deluxe is the first and only online AMT calculator and planner to help you slash your alternative minimum tax. It does all the heavy lifting for you--NO tax knowledge is necessary. If you can type numbers into a form, you can use it to...
- Accurately predict IF you'll have to pay the AMT and how much it will be
- Get recommendations for simple way to pay less or even NO alternative minimum tax this year
- Make tax-savvy financial decisions by seeing which option results in the lowest overall tax
- Calculate the right W-2 withholding and quarterly tax payments throughout the year
- Find out exactly WHY you had to pay the AMT this year
You do NOT need to be a tax professional or have any tax knowledge at all to use it. If you can type numbers into an online form, you can do this because the AMT Calculator and Planner does all the heavy lifting for you.
In fact, it's as easy as 1-2-3. After you sign-up, you'll simply...
- 1. Spend 5-10 minutes entering amounts from your last tax return into our secure online form--we even tell you what forms and lines the numbers come from.
- 2. Review the analysis then click "Next"--you'll automatically go to the AMT Calculator & Planner, which is pre-populated with your last year's information.
- 3. Update the numbers you expect to change this year, hit "Next" again and you'll see if you owe the AMT, the amount if you do owe it and start seeing how you can save on your AMT tax bill.
It's that easy...and the program saves your information so next time you log-in, you'll be ready to go.
Watch the video below to see just how simple it is...
Calculate the Tax Savings All Year Long
Our team of tax experts has more than 60 combined years of experience in accounting and tax law--including a tax attorney who literally wrote the book on alternative minimum tax. (We promise not to make you read it!)
So not only do we thoroughly understand the AMT, we have scoured the tax code to find legal ways to shift income and deductions, capitalize on tax loopholes, and avoid transactions that will trigger the AMT...without running afoul of the IRS.
And now we have poured all this information into creating the best AMT Calculator and Planner on the market featuring several tools to help you maximize your tax savings all year long--so you can...
- Immediately find out IF you'll have to pay the alternative minimum tax this year and accurately estimate the amount...so there'll be NO tax-time surprises or scrambling to pay a big, unexpected AMT bill next April
- Get personalized recommendations with 100% IRS-approved strategies to immediately start lowering your AMT bill for the current year (some are as easy as writing a check one month instead of another)
- Run "what if" scenarios to see how a financial decision will impact both your AMT and regular taxes before it's written in stone--so you can avoid mistakes that will cost you big at tax time
- Update your financial information during the year to see whether you need to adjust tax withholding, estimated tax payments, or your AMT reduction strategies...so you stay on track to maximize your tax savings
- Review the analysis of last year's tax return...and finally solve the mystery of WHAT pushed you into the AMT red zone (since no one else could tell you)
- Calculate your AMT with ease at tax time--instead of laboring through the complex calculations manually--and rest assured that your Form 6251 is error-free
- Forget keeping up with ever-changing tax laws and making sure you have the most recent software version because we do that for you...automatically incorporating any legal or other changes so it's ready to go the moment you sign in
- Use AMTIndividual whenever it's most convenient for you--allowing you to get answers to your tax questions any time, day or night (because sometimes you just can't wait for an appointment with your accountant)
- File your taxes next year with confidence--knowing that you're not paying the IRS even a dime more than necessary
You Can Eat Our Words...
We're convinced AMTIndividual Deluxe is the hands-down best AMT calculator on the market.
So, if you DO find a better one, let us know and we'll send you a package of four USDA Prime New York Strip steaks from the legendary Allen Brothers--supplier of the finest meats to the most renowned steakhouses for more than 100 years!
Even if you have a trusted tax professional, AMTIndividual Deluxe is a smart and affordable way to stay on top of the wily AMT monster all year long--tax season is the best time to calculate and plan to reduce your AMT for the year. So don't wait--take the first step today!
How Much Could You Save?
Of course, the amount you'll save varies depending on your unique financial situation.
But here are just a few examples from AMTIndividual Deluxe customers...
- A senior executive who was getting ready to exercise his incentive stock options (ISO) learned he was about to make an expensive mistake--and deferred the transaction to save more than $6,000.
- A retired couple who discovered the private activity bonds they owned are a trigger item for the AMT--and that they could avoid the tax in the future by changing their investment portfolio mix.
- A non-profit CEO who had prepaid his state taxes for the following year learned he wouldn't get a penny of credit for it on his AMT return and that it would actually increase his tax bill by nearly $3,700.
The good news is he signed up for AMTIndividual Deluxe and discovered this before the tax year ended--so he was able to find ways to offset some of the extra tax before it was too late.
Sign-up for AMTIndividual Deluxe AMT Calculator and Planner today and start taming the alternative minimum tax. It's only $49.95 and that includes unlimited access through January 15, 2013, allowing you to close out the year and make your January 15 estimated tax payment (if necessary).
Even if you could find a tax preparer who was knowledgeable enough and willing to do some AMT tax planning for you, you'd pay far more because it would require several hours of their time. Or for about the cost of taking the family to dinner at Applebee's, you can get a tool that could help you keep hundreds or even thousands of dollars in your bank account instead of sending it to Uncle Sam's.
In fact, we feel so strongly about the value of the program that we've added a ...
No-Hassle, Better-Than-Risk-Free Guarantee...
No other product or service can deliver the tax savings and peace of mind that AMTIndividual Deluxe can--and we're backing that up with a bold 100% money-back guarantee.
Give it a try. If you can't save at least 10 times your investment, after making an honest effort to use it, we'll promptly refund your money. I promise, there'll be no fuss or hassle--just give us a call.
Many reasons drive you to get up and go to work every day--is paying more taxes one of them? Unfortunately, the sneaky, incomprehensible AMT can easily trap you into paying hundreds or even thousands of dollars more than you need to.
The good news is AMTIndividual Deluxe makes it easy to cut your alternative minimum tax bill and put more of your money toward...
- Building your nest egg for retirement
- Paying down some bills
- Renovating your kitchen
- Saving for your children's college education
- Enjoying a well-deserved vacation
...or whatever is most important to YOU. It's convenient and affordable too.
Here's How to Sign-Up...
Simply click the "Add to Cart" button below and checkout through our secure shopping cart.
Afterward, you'll immediately receive your log-on and password to the online AMT Calculator and Planner so you can estimate your alternative minimum tax and start taking action to pay less to the IRS today!
Tax season is the best time to calculate and plan to reduce your AMT for the year. So click the "Add to Cart" button above to make sure you will NOT be paying MORE than your fair share of taxes in April!
Sincerely,
George Bauernfeind
P.S. Remember - the earlier you start planning, the more tax saving opportunities you'll have. And with our no-hassle, better-than-no-risk guarantee, you can't lose. So discover how easy it is to minimize your alternative minimum tax with AMTIndividual Deluxe now!
P.P.S. If you'd prefer the personal touch, we also offer AMTIndividual Premium which includes everything the Deluxe version does plus a 30-minute consultation with one of our tax experts for just $149.95. Click here to sign-up for the Premium version now.
Don't want to order online? You can also call 1-800-260-7494 or fax us at 1-239-676-0716.
AMTIndividual
23850 Via Italia Circle
Suite 1006
Bonita Springs, FL 34134
1-800-260-7494
Fax 239-676-0716
