Alternative Minimum Tax for Individuals

Authored by Barbara Weltman, Sidney Kess
About this Course
Topics covered include: Calculation of the AMT, adjustments, and preferences; Impact of the Tax Cuts and Jobs Act on the AMT; Preparation of Form 6251; Adjustment for state and local taxes and the home mortgage interest; Investment interest expense; Adjustments for depletion and net operating loss; Treatment of stock; Gain and loss from the disposition of property; Depreciation; Other adjustments and preference items; 20% deduction for qualified business income; AMT exemptions and tax rates; Impact of the AMT on estimated tax; Avoiding or minimizing the AMT; Tax credits that can offset the AMT. Upon completing this course, you should be able to: Discuss how the alternative minimum tax system works today; List alternative minimum tax adjustments, tax preference items, and tax credits; Explain planning strategies to minimize or avoid the AMT.
$ 34.00
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NASBA Field of Study
CPE Credits
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