Alternative Minimum Tax (AMT)

Summary

Alternative minimum tax (AMT) is a tax originally created to ensure those with high income paid their fair share of taxes. Because the AMT exemption amount has not kept up with the cost of living, this tax has crept down to those in lower income tax brackets. This course focuses on AMT adjustments and completing the necessary forms for working with AMT.

Objectives

Upon completion of this course, you will be able to:

  • Identify AMT adjustment and preference items.
  • Distinguish between temporary and permanent AMT adjustments.
  • Determine the tax consequences for regular tax and AMT when incentive stock options (ISOs) are exercised and sold.
  • Calculate the different depreciation amounts for regular tax and AMT.
  • Complete Form 6251, Alternative Minimum Tax – Individuals.
  • Complete Form 8801, Credit for Prior Year Minimum Tax – Individuals, Estates and Trusts
  • .

Course Details

This course includes an e-book. CPE is issued after exam is successfully completed.




   

Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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