A Review of the Alternative Minimum Tax as It Applies To Estates and Trusts For Tax Year 2013 (PDF)
Estates and trusts may be subject to the alternative minimum tax (AMT). Generally, the AMT applies to an estate or trust that has a share of alternative minimum taxable income in excess of the exemption amount. The AMT exemption phases out above a specified threshold level. This EIA reviews the alternative minimum tax as it applies to estates and trusts for tax year 2013.
Diane L. Mutolo, J.D., LL.M. is a member of the New York Bar, and her LL.M. is in Taxation. She is the update author for the LexisNexis Matthew Bender treatise, How to Save Time & Taxes Preparing Fiduciary Income Tax Returns.
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