30 ordspråk av Martin Nissenbaum
Martin Nissenbaum
People don't expect it. The presumption is that when you pay taxes that are deductible you won't have to pay tax again. Just having a lot of kids can put you into the AMT.
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People don't realize that if they win they can actually take a deduction for expenses they incurred or if they had losses.
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States with no income tax complained that their taxpayers were at a disadvantage, so now everyone has the choice of deducting sales or income tax,
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States with no income tax complained that their taxpayers were at a disadvantage, so now everyone has the choice of deducting sales or income tax.
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That obviously is not a good thing to do.
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The AMT assistant is a bit limited. They give you a list of things where you're not eligible to use the calculator.
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The key advantages are the low chance of inaccuracy, and the fast refund.
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The law was passed in October, so if you're not the kind of person who saves every receipt you can use a table based on your income and family size.
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The only exception is if your office is a detached structure.
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They'll be able to figure it out and they'll send you a bill, plus interest and potentially a penalty, ... You can't avoid AMT by saying you won't fill out the form.
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They'll be able to figure it out and they'll send you a bill, plus interest and potentially a penalty. You can't avoid AMT by saying you won't fill out the form.
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To the extent you don't repay, you'll be charged very high rates.
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When we have clients come with us, we say 'Don't say anything'.
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You need to work through which of the qualified dividends you received from a mutual fund are actually qualified based on the holding period.
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You're basically asking for it.
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