Private activity bond interest is an AMT preference item, but public purpose municipal bond interest is not. 2. A
From the list above, only the deferral of exercising incentive stock options will reduce taxable income and lower the AMT exposure. Married filing separately status always has the lowest exclusion amount, so that will not help reduce the AMT.
C-Corporations with less than $5 million in gross receipts during their first year of existence will be exempt from AMT in the second year of operation.
Incentive stock options are classified as a deferral item, not an exclusion item.
The personal exemption, standard deduction, itemized deduction and percentage depletion are all common "exclusion items," not "deferral items."
TaxesShould you worry about the AMT? Even if you're subject to it, there are exemptions and strategies for reducing your tax bill.
TaxesGetting rid of the AMT would be great for upper-middle class taxpayers.
TaxesHere's a look at tax strategies for itemized deductions, charitable gifts and other tax credits.
TaxesNot taking the standard deduction this year could save you hundreds of dollars.
TaxesThis strategy of moving your tax deductable payments and donations to the following year could mean hundreds more on your return.
InvestingWhen it comes to analyzing a company, successful analysts spend considerable time differentiating between accounting items that are likely to recur going forward from those that most likely will ...
TaxesThe uncertainty surrounding President-Elect Trump may have a significant impact on tax planning.
Financial AdvisorIt's time to think about tax returns again. The good news is that the regulations in 2016 have not changed dramatically from last year.
Personal FinanceJust because you are in love doesn't mean that a joint return is best for both of you.
TaxesPaying your bills early or giving an extra donation now can help you come tax time.