I am so sick and tired of late night commercials selling snake oil. My latest angst comes from claims of tax free municipal bonds. Not all municipal bonds offer tax free interest so the next time slick Rick the broker harasses you to buy his...
It is no secret that the US Congress' growing inability to agree on matters of substance is both disturbing and frustrating. The Alternative Minimum Tax (AMT) problem of not automatically adjusting for inflation is yet another example of the collective ineptitude of our elected officials....
Okay this is fun, writing about employee stock options that is. The biggest thing that kicked me in the jimmy as it were was the Alternative Minimum Tax (AMT) obligation associated with Incentive Stock Options that were exercised (converted to stock) but the underlining stock...
For Alternative Minimum Tax (AMT) and Statutory Incentive Stock Options (ISO), the date when your rights in the under lying stock are transferable OR no longer subject to a substantial risk of forfeiture you must include as an adjustment for the corresponding tax year a calculation...
It is blowing my mind how many people this year have become unwittingly liable for the Alternative Minimum Tax. Â Good people who thought they had been withholding enough taxes now find themselves owing big. The people hit the hardest seem to have a few common...
The Alternative Minimum Tax, or AMT, is a parallel tax system to the standard tax system. Â Every taxpayer is responsible for paying the higher of the regular tax or the alternative minimum tax. The difference between the two tax calculations is determined using IRS Form...
Please be advised that Net Operating Losses carried back to previous tax years can trigger an Alternative Minimum tax liability in the previous tax year that the loss was carried to, even if you originally did not have a tax liability in the year the...
Alternative Minimum Tax (AMT) attempts to ensure that anyone who benefits from certain tax advantages pays at least a minimum amount of tax. Here are seven facts about the AMT and changes to this special tax for 2009. Tax laws provide tax benefits for...
