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Articles, tagged with "taxable income", page 3
Taxes
The Patch Each year for the past several years Congress has "fixed" the AMT problem by enacting a temporary "patch." With the signing of the stimulus bill this past February, 24 million taxpayers who otherwise would have been in the AMT in 2009 are sp...
Author: kinal
The Annual Alternative Minimum Tax “Patch” and “Indexing” Explained
27th June 2009The Patch Each year for the past several years Congress has "fixed" the AMT problem by enacting a temporary "patch." With the signing of the stimulus bill this past February, 24 million taxpayers who otherwise would have been in the AMT in 2009 are sp...
Author: kinal
Taxes
If your highest tax bracket under the Regular Tax is higher than your highest tax bracket under the AMT, what does this mean? It means that by incrementally adding more income, you will be gradually working your way out of the AMT. You can test this and ...
Author: kinal
Alternative Minimum Tax Planning - Importance of Differing Levels of Income
13th June 2009If your highest tax bracket under the Regular Tax is higher than your highest tax bracket under the AMT, what does this mean? It means that by incrementally adding more income, you will be gradually working your way out of the AMT. You can test this and ...
Author: kinal
Taxes
Here is a checklist of different types of income, as specifically applicable to the category of taxpayer known as Investors. The other categories - Employees, Small Business Owners & the Self-Employed and Retirees - will be discussed in future articles. ...
Author: kinal
Alternative Minimum Tax Planning - Importance of Controlling Your Income Investors
13th June 2009Here is a checklist of different types of income, as specifically applicable to the category of taxpayer known as Investors. The other categories - Employees, Small Business Owners & the Self-Employed and Retirees - will be discussed in future articles. ...
Author: kinal
Taxes
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
Alternative Minimum Tax Planning - Importance of Differing Types of Income
13th June 2009As 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
Provided that you generate enough income you will have to pay taxes. And although it can be somewhat of a pain in the butt, most people would agree that it still is something necessary for a fully functioning society. For advice about how to pay as little...
Author: Bob H Clarke
The Income Tax Attorney
12th June 2009Provided that you generate enough income you will have to pay taxes. And although it can be somewhat of a pain in the butt, most people would agree that it still is something necessary for a fully functioning society. For advice about how to pay as little...
Author: Bob H Clarke
Taxes
A casualty loss may occur as a result of a flood, hurricane, tornado, mudslide or other natural disaster. The intuitive thought pattern is: "My apartment complex worth $5,000,000 suffered major damage totaling $1,500,000 for repairs and rent loss. Fortuna...
Author: Patrick OConnor
Casualty Loss Can Generate Massive Tax Deductions
18th May 2009A casualty loss may occur as a result of a flood, hurricane, tornado, mudslide or other natural disaster. The intuitive thought pattern is: "My apartment complex worth $5,000,000 suffered major damage totaling $1,500,000 for repairs and rent loss. Fortuna...
Author: Patrick OConnor
Taxes
Sometimes a person gets in debt to the IRS because they just do not understand the complex US Tax Code. And who can blame them? Taxes are complicated and trying to read through convoluted IRS explanations of the rules is daunting. Many taxpayers are not a...
Author: Roni Deutch
7 Most Commonly Overlooked Sources of Taxable Income
28th April 2009Sometimes a person gets in debt to the IRS because they just do not understand the complex US Tax Code. And who can blame them? Taxes are complicated and trying to read through convoluted IRS explanations of the rules is daunting. Many taxpayers are not a...
Author: Roni Deutch
Taxes
Taxes... Say that word and many people will start to groan when they hear it ...and with good reason. To begin with, paying annual taxes is usually a financial burden for most people. Each time you review your paycheck, you might feel cheated or abused, ...
Author: Ron Finkelstein
Put the Fun Back in Tax ReFUNds
27th March 2009Taxes... Say that word and many people will start to groan when they hear it ...and with good reason. To begin with, paying annual taxes is usually a financial burden for most people. Each time you review your paycheck, you might feel cheated or abused, ...
Author: Ron Finkelstein
Taxes
What's the difference between a taxidermist and a tax collector? Humorist Mark Twain says, "The taxidermist only takes your skin!" That's the opinion of many Americans. Indeed, ridiculously high tax bills seem prevalent. Thankfully, tax breaks give you le...
Author: Ron Finkelstein
Maximize Your Tax Breaks: Five Easy Tips
27th March 2009What's the difference between a taxidermist and a tax collector? Humorist Mark Twain says, "The taxidermist only takes your skin!" That's the opinion of many Americans. Indeed, ridiculously high tax bills seem prevalent. Thankfully, tax breaks give you le...
Author: Ron Finkelstein