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AMT
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Description
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This event has been pre-approved for CE credit by the CFP Board.
93% of taxpayers with AGI of $100,000 or more will pay AMT in 2010 unless Congress changes the law. This program offers practical problem solving and planning techniques for working with AMT and the related Minimum Tax Credit. Temporary extensions of exemptions and selected credits require that we stay up-to-date on recent developments in this complex area of tax law. The prospect of "AMT reform" makes this program an important learning opportunity for all tax practitioners. Emphasis is on individual planning and presentation. Attention is given to transactions where most professional software is deficient.
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Objectives
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Plan for and comply with alternative minimum tax provisions affecting individuals and corporationsRecognize opportunities to reduce AMTCalculate preferences, adjustments, and AMT NOLsDetermine how the computer generated those numbersHone strategic thinking skillsPlan for scheduled AMT changes
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Highlights
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Any modifications made to the AMT by legislation in late 2009 or early 2010Various deductions and credits specifically allowed for AMT purposes by lawAdjustments and preferencesInteraction with interest limitation and pssive loss rulesAnalysis of ACE calculationsRecord-keeping for future effect of adustmentsLatest developments and audit targetsPlanning techniques to reduce the impact of AMT
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Designed For
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CPAs in public practice or industry who deal with AMT planning and compliance
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Recommended
CPE Credits
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8
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Prerequisites
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None
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Event Id / Acronym
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10AMT
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Course Level
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Intermediate
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Field(s) of Study
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Taxes
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Producer
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Nichols Patrick CPE, Inc
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Instructor
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Scott, Sharon L.
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© 2010 Business Learning Institute, an affiliate of MACPA
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