Tax Planning – Alternative Minimum Tax News

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FOR IMMEDIATE RELEASE        

New Program Offers Free Alternative Minimum Tax Help

Innovative Dual-Tax Calculator Reveals What Triggered the AMT
and How to Lower Your Taxes in the Future 

(Bonita Springs, FL—March 3, 2010) If you're one of the four million Americans writing a painfully large check to the IRS this tax day thanks to the alternative minimum tax (AMT), there's a new free resource that can help.

“It’s bad enough that the alternative minimum tax takes taxpayers completely by surprise each April, forcing them to pay thousands more than expected,” said George Bauernfeind, one of the founders of AMTIndividual. “But then no one—including all the tax software programs, the IRS ‘calculator’ and virtually all tax preparers—can even tell them why they have to pay AMT. That’s just insane.”

That’s because more than 30 factors influence whether a taxpayer has to pay AMT and there's rarely one clear culprit. On top of that, items that typically lower the regular income tax—such as exemptions for dependents and deductions for state taxes—can trigger or increase the alternative minimum tax. So trying to pinpoint the exact cause can be a nightmare. Of course, doing so is the best way to know how to reduce or even avoid the alternative minimum tax in the years ahead.

But now, taxpayers can who have fallen into the AMT tax trap can take advantage of AMTIndividual’s innovative dual-tax calculator in the just launched free edition. After entering a few numbers from their last tax return, they’ll see how their income and deductions were treated by both the regular and alternative minimum tax—and discover exactly what caused them to pay AMT.

They’ll also receive an overview of what the tax is and some basic strategies for lowering their AMT tax bill in the year ahead. Best of all, the process is fast and easy, taking only about 15 minutes to do.

To find out more and sign-up for the free version of AMTIndividual, visit www.AMTIndividual.com.  

About AMTIndividual

AMTIndividual was founded in 2008 to give Americans an easy and convenient way to understand, strategize and plan for the alternative minimum tax so they can put more of their money toward what’s most important to them. Our founders have more than six decades of personal and business tax planning experience, including the writing of a two-volume, nearly 1,000-page treatise on income taxation.

Contact Info:

George Bauernfeind
AMTIndividual
Phone: 1.800.260.7494
Email: press@amtindividual.com
www.AMTIndividual.com

FOR IMMEDIATE RELEASE

(Bonita Springs, FL-April 7, 2009) Four million Americans are getting an unpleasant shock this year-having to write a $5,000 to $6,000 check to the IRS thanks to the alternative minimum tax (AMT).

The AMT is notoriously hard to predict because more than 30 different items can trigger it-and there’s rarely one clear culprit. On top of that, nearly everything differs from the regular income tax. So strategies that would normally lower the income tax can increase the AMT and vice versa.

“The AMT is like the Bermuda Triangle of the tax code. No one-including most tax professionals-can tell you exactly what put you in the AMT zone much less how to reduce your liability for next year,” said George Bauernfeind, one of the founders of AMTIndividual.

But an innovative new program offers an easy solution to understanding and cutting next April’s AMT bill. After entering just 5-10 minutes worth of data, AMTIndividual will reveal exactly why the taxpayer had to pay AMT for the previous tax year. Then it walks them through simple and legal tax-saving strategies-customized to their personal financial situation.

“But what really sets AMTIndividual apart is the planning model. You can update your financial situation throughout the year and get new strategies. You can even evaluate how a financial decision will impact your regular and AMT taxes before making it-helping you avoid costly mistakes,” said Bauernfeind.

There’s a summer special discount of $50 for those who sign-up for AMTIndividual. To find out more, visit www.AMTIndividual.com.

About AMTIndividual

AMTIndividual was founded in 2008 to provide Americans an easy and convenient way to understand, strategize and plan for the alternative minimum tax. Our founders have more than six decades of personal and business tax planning experience, including the writing of a two-volume, nearly 1,000-page treatise on income taxation.

Contact Info:

George Bauernfeind
AMTIndividual
Phone: 1.800.260.7494
Email: press@amtindividual.com
www.AMTIndividual.com