Martin Nissenbaum
Martin Nissenbaum
avoid figure fill interest plus saying send
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.
clients
When we have clients come with us, we say 'Don't say anything'.
choice income sales states tax taxpayers
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,
assistant bit eligible list
The AMT assistant is a bit limited. They give you a list of things where you're not eligible to use the calculator.
income intangible tax
In Florida, there is no income tax but there is an intangible tax, so they will be able to deduct both.
congress money people slam
Congress wised up to that. They weren't going to let people slam money into those
agent
Everything you say can give the agent an idea about something.
benefit extra federal high situation state
It probably doesn't make sense to postpone making the extra deductions because even in a high state-tax situation the federal benefit still outweighs the state cost.
It's always a better idea to fess up with the IRS.
expenses people realize win
People don't realize that if they win they can actually take a deduction for expenses they incurred or if they had losses.
expect kids pay people taxes
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.
expect kids pay people taxes
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.
good obviously
That obviously is not a good thing to do.
based dividends fund holding mutual qualified received work
You need to work through which of the qualified dividends you received from a mutual fund are actually qualified based on the holding period.