The Japanese art of ‘girl hunting’ may not have the elevated status of tea-ceremony, calligraphy or Aikido, but as Nampa Know-It-All Ed Jacob explains, it does share a surprising number of parallels with many traditional arts
This is your starting point for learning about the alternative minimum tax, also known as the AMT.
In General The alternative minimum tax affects a small but growing percentage of taxpayers. When it applies, the cost can be substantial. What's worse, this tax is so complicated that it's often difficult to predict when it will apply. Also, it's often necessary to do AMT calculations even in years when the AMT doesn't apply.
Topic Overview The alternative minimum tax is a large and complicated subject. We won't even try to cover all the rules here. Our goal is to help you identify the important issues so you won't make a costly mistake in dealing with this tax.
Alternative Minimum Tax 101 Read this page to get the big picture.
Top 10 Things that Cause AMT Liability Or maybe 11.
AMT and Long-Term Capital Gain Explains why you may run into alternative minimum tax liability when you have a large long-term capital gain ? and what you can do about it.
Dual Basis Assets It's important to realize that you can end up owning assets that have an AMT basis that's different from the basis you use for regular tax purposes. If you miss this detail you may end up throwing tax dollars away.
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