Quick Resource Guide: Navigating the Maze of the Alternative Minimum Tax System
Determining the best tax strategies to deal with Alternative Minimum Tax (AMT) deduction and credit adjustments is no easy task. Taxpayers that are subject to the AMT must analyze two scenarios: Tax liability under the standard federal tax system and tax liability under the AMT system. If the tax liability is greater under the AMT system, the taxpayer will owe this higher amount. Devising tax strategies around the Alternative Minimum Tax can be complicated since the AMT often adjusts for various deductions and credits. With the recent legislative changes, AMT questions for taxpayers and preparers still persist.
Download this quick resource guide to get insight into the answers to AMT-related questions and learn how BNA Income Tax™ Planner can help you navigate through the sometimes confusing AMT maze.
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