Table of Contents.
Alternative minimum tax (AMT) is a tax originally put in placce to prevent the wealthy from reducing their tax bill through certain deductions. The intent was to keep income tax at a reasonable rate for each taxpayer at their income level, however, because the AMT exemption amount has not kept up with the cost of living, this tax has crept down and now impacts those in lower income tax brackets. This e-book focuses on AMT adjustments and how to complete the necessary forms for working with AMT.
Alternative Minimum Tax (AMT) covers:
Level: Basic level
Author: NATP Staff
Publication Date: 2019
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