Articles, tagged with "alternative minimum tax", page 2

Taxes

Estimated taxes – planning for 2nd quarter Alternative Minimum Tax payments due June 15

13th June 2009
The second quarter for estimated tax purposes actually is a bit of a misnomer. The "quarter" consists of taxes for the months of April and May alone, unlike a normal three-month quarter. In any event, these estimated taxes must be paid by next Monday, Ju...
Author: kinal

Taxes

Alternative Minimum Tax Planning - Importance of Differing Types of Income

13th June 2009
As noted in the last article, the tax brackets that apply to capital gains and dividends are completely different from the tax brackets that apply to ordinary income . By definition, all income other than capital gains and dividends is called ordinary inc...
Author: kinal

Taxes

What’s the Big Picture When it Comes to AMT Planning?

08th June 2009
In the past several articles we have talked about tax planning, and Alternative Minimun Tax planning in particular. Sure, it gets into some details, and sure, taxes are not easy. But let's step back and take a look at the "forest for the trees" and do a...
Author: kinal

Taxes

Here’s a Quick AMT Planning Example

08th June 2009
The most common item affecting folks paying the Alternative Minimum Tax is the deduction for state and local taxes. For regular tax purposes, you are allowed a deduction for state income taxes, city or other local income taxes, real estate taxes, persona...
Author: kinal

Taxes

Steps to Success: Alternative Minimum Tax Planning

08th June 2009
In the legislative environment in which we currently find ourselves, significant changes affecting the taxation of individuals - that's you and me - are expected to be made, and to be made soon. All of this activity likely will also have a dramatic impac...
Author: kinal