AMT

While The Fiscal Cliff Keeps You Distracted, The AMT Will Rob You Blind

While the nation’s eyes are affixed firmly on the future tax implications of the fiscal cliff negotiations, few people realize that they stand to pay [...]

The Minimum Tax Is Like Jumbo Shrimp

The alternative minimum tax-otherwise known as AMT-is one of many twisted features of our complex tax code. It may be the most insidious and counter-intuitive [...]

While The Fiscal Cliff Keeps You Distracted, The AMT Will Rob You Blind

While the nation’s eyes are affixed firmly on the future tax implications of the fiscal cliff negotiations, few people realize that they stand to pay [...]

IRS: No AMT patch would cause chaotic filing season

Millions of taxpayers would see their filing season upended unless Congress enacts a legislative fix to the Alternative Minimum Tax by the end of the year, the [...]

30 Million Taxpayers Face Alternative Minimum Tax Right Now

Millions will be hit’ sounds like a TV or movie teaser. The revered but dry Congressional Research Service is not known for such lines. Still, all the [...]

30 Million Taxpayers Face Alternative Minimum Tax Right Now

‘Millions will be hit’ sounds like a TV or movie teaser. The revered but dry Congressional Research Service is not known for such lines. Still, all the [...]

Six Facts the IRS Wants You to Know about the Alternative Minimum Tax

The Alternative Minimum Tax attempts to ensure that anyone who benefits from certain tax advantages pays at least a minimum amount of tax. The AMT provides an [...]

What is a Wash Sale? How does it affect taxes on Capital Gain?

When you sell a stock at a loss and repurchase a substantially identical stock within 30 days, your transaction will likely be designated a wash sale. A [...]