CPE Credits: 2
Course Level: Intermediate
Prerequisites: Basic knowledge of individual income taxation
Advance Preparation: None
Fees: $49 for Members and $60 for Nonmembers
Summary
Alternative Minimum Tax (AMT) used to affect mainly high-income taxpayers. Today, it affects more and more middle-class taxpayers. At some point, it will affect your clients, and you need to be ready. This webinar will clarify issues involving AMT and provide planning to minimize the impact of AMT.
Objectives:
Upon completion of this webinar, you will be able to:
- Distinguish between timing and permanent adjustments to alternative minimum taxable income (AMTI).
- Identify preferences and exclusions to arrive at AMTI.
- Implement methods to minimize the impact of AMT.
- Identify scenarios where AMT is assessed in one tax year but may result in a future minimum tax credit.
- Complete Forms 6251 and 8801.
Presenters: Lawrence Zimbler, MST, EA