Tax Planning for the Alternative Minimum Tax

ebook

By Lance W. Rook

cover image of Tax Planning for the Alternative Minimum Tax

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Provides incisive analysis and a clear explanation of the complex alternative minimum tax (AMT) rules. Thoroughly details when taxpayers are subject to the AMT, how the AMT is calculated for individuals and corporations, what items give rise to AMT adjustments and preferences, how to calculate and apply the various AMT tax credits, how the AMT interacts with other Internal Revenue Code provisions and how to plan to minimize the impact of the AMT.

Coverage includes:

  • The ACE and book income adjustments
  • AMT depreciation rules
  • AMT treatment of net operating losses
  • The minimum tax credit
  • AMT treatment of passive activity losses
  • Trust and estate issues

    Incorporated throughout the work are more than 200 computational examples, as well as planning suggestions, worksheets and practical guidance.

    First published in 1989.

    1 Volume; updated twice per year.

  • Tax Planning for the Alternative Minimum Tax