Provides incisive analysis and a clear explanation of the complex alternative minimum tax (AMT) rules. Thoroughly details when taxpayers are subject to the AMT, how the AMT is calculated for individuals and corporations, what items give rise to AMT adjustments and preferences, how to calculate and apply the various AMT tax credits, how the AMT interacts with other Internal Revenue Code provisions and how to plan to minimize the impact of the AMT.
Incorporated throughout the work are more than 200 computational examples, as well as planning suggestions, worksheets and practical guidance.
First published in 1989.
1 Volume; Looseleaf; updated twice per year.
Table of Contents
Chapter 1 The Alternative Minimum Tax System
Chapter 2 Depreciation
Chapter 3 Net Operating Losses
Chapter 4 Other Adjustments
Chapter 5 Itemized Deduction Adjustment
Chapter 6 Circulation Expenses, Research and Experimental Expenses, and Incentive Stock Options
Chapter 7 Book Income Adjustment
Chapter 7A Adjusted Current Earnings Adjustment
Chapter 8 Natural Resource Tax Preferences
Chapter 9 Other Preferences
Chapter 10 Passive Activity Losses and Tax Shelter Farm Losses
Chapter 11 The Minimum Tax Credit
Chapter 12 Trust and Estate Issues