Blog Archives

Municipal Bond Interest Can Be Taxable – Make Sure You Trust Your Broker Is Competent

I am so sick and tired of late night commercials selling snake oil. My latest angst comes from claims of tax free municipal bonds. Not all municipal bonds offer tax free interest so the next time slick Rick the broker

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Posted in Alternative Minimum Tax (AMT), Municipal Bond

Alternative Minimum Tax – AMT and Unexpected Investment Income

It is no secret that the US Congress' growing inability to agree on matters of substance is both disturbing and frustrating. The Alternative Minimum Tax (AMT) problem of not automatically adjusting for inflation is yet another example of the collective

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Posted in Alternative Minimum Tax (AMT)

Net Operating Loss Carry Back

I have been developing quite an expertise in resolving Net Operating Loss carry back matters yet with each new situation there is something new that seems to be discovered. IRC section 6511(d)(2) states, a claim for credit or refund that

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Posted in Alternative Minimum Tax (AMT), Net Operating Loss, NOL

Employee Stock Options and Alternative Minimum Tax (AMT)

Okay this is fun, writing about employee stock options that is. The biggest thing that kicked me in the jimmy as it were was the Alternative Minimum Tax (AMT) obligation associated with Incentive Stock Options that were exercised (converted to

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Posted in Alternative Minimum Tax (AMT), Stock Options

Alternative Minimum Tax (AMT) IRS From 6251

It is blowing my mind how many people this year have become unwittingly liable for the Alternative Minimum Tax.  Good people who thought they had been withholding enough taxes now find themselves owing big. The people hit the hardest seem

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Posted in Alternative Minimum Tax (AMT)

Alternative Minimum Tax (AMT) Triggers and Tax Planning

The Alternative Minimum Tax, or AMT, is a parallel tax system to the standard tax system.  Every taxpayer is responsible for paying the higher of the regular tax or the alternative minimum tax. The difference between the two tax calculations

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Posted in Alternative Minimum Tax (AMT)

LOOKOUT SMALL BUSINESS OWNERS FILING IRS Form 1120-S or 1065 – Net Operating Loss (NOL) Carry backs trigger Alternative Minimum Tax (AMT)

Please be advised that Net Operating Losses carried back to previous tax years can trigger an Alternative Minimum tax liability in the previous tax year that the loss was carried to, even if you originally did not have a tax

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Posted in Alternative Minimum Tax (AMT), Net Operating Loss, NOL

Alternative Minimum Tax – facts

Alternative Minimum Tax (AMT) attempts to ensure that anyone who benefits from certain tax advantages pays at least a minimum amount of tax. Here are seven facts about the AMT and changes to this special tax for 2009. Tax laws

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Posted in Alternative Minimum Tax (AMT)
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