All alternative minimum tax News
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Accelerating AMT credits in lieu of bonus depreciation

2/16/2017

Recent legislation permits taxpayers who place eligible property in service during qualifying years to elect to accelerate their alternative minimum tax credits in lieu of bonus depreciation. This article explains when this election makes sense for taxpayers and when they will achieve better tax results by using bonus depreciation.

IRS amends form instructions for AMT depreciation changes

1/26/2017

The Internal Revenue Service has updated various 2016 form instructions to reflect changes to alternative minimum tax adjustments made by the PATH Act. The revised instructions were posted on the IRS website Tuesday.

FMI praises results of several ballot measures

11/10/2016

FMI was pleased with the results of several business-related ballot measures around the country, including the rejection in Oregon of an alternative minimum tax and gross tax increase, said Jennifer Hatcher, chief public policy officer. FMI also welcomed a vote in Oklahoma to let grocery stores sell full-strength beer and wine and a California decision to uphold a ban on single-use plastic bags.

R&D tax credit changes benefit small businesses

10/18/2016

The research and development credit can be a big financial help for small businesses. Recent law changes permitting the credit to be offset against alternative minimum tax and payroll taxes for these taxpayers make the benefit even better.

What the alternative minimum tax means for your clients

8/29/2016

The alternative minimum tax may not be well-known to your clients, but it affects millions of taxpayers with adjusted gross income above certain levels. While it's important to factor the alternative minimum tax into your financial planning, clients should realize that it may be difficult for them to reduce this tax. Interested in talking more with your clients about the AMT? PFP/PFS section members can use this ready-to-go Forefield Advisor client concept piece to explain the details on this subject.

How to manage the alternative minimum tax

10/30/2015

The alternative minimum tax can vex even savvy advisers and clients, Tim Steffen writes. "The best way to describe the AMT is to think of it as an entirely separate set of rules with its own dictates on what's taxable, what's deductible and how the tax is calculated," Steffen writes.

Commentary: Alternative minimum tax can be tamed

10/28/2015

The alternative minimum tax can vex even savvy advisers and clients, Tim Steffen writes. "The best way to describe the AMT is to think of it as an entirely separate set of rules with its own dictates on what's taxable, what's deductible and how the tax is calculated," Steffen writes.

Reducing pain from the alternative minimum tax

10/28/2015

The alternative minimum tax has vexed even savvy advisors and clients. "The best way to describe the AMT is to think of it as an entirely separate set of rules with its own dictates on what's taxable, what's deductible and how the tax is calculated," writes Tim Steffen, director of financial planning at Robert W. Baird.

A primer on the 4 federal tax regimes

6/1/2015

Tax planning should account for the ordinary income tax, the capital gains tax, the net investment income tax and the alternative minimum tax. Note that strategies that allow your clients to lower their taxes in certain areas could lead to higher taxes in other areas. Using tax-deferred investments can be a good strategy for clients who may be in a lower tax bracket in the future. Find more information in the PFP Section's ATRA and Net Investment Income Tax toolkit.