Sale!

Alternative Minimum Tax for Individuals Edition

$65.52 $35.87

Description

IRS Tax Audit Manual for Alternative Minimum Tax for Individuals

How Do You Protect Yourself Against An Audit Concerning Alternative Minimum Tax? ACT NOW!

NEVER AGAIN EXPERIENCE THE FEAR ASSOCIATED WITH AN AUDIT BY THE INTERNAL REVENUE SERVICE!

The MANUAL written specifically for Internal Revenue Service Audit Agents to conduct audit for Alternative Minimum Tax For Individuals. Would you like to have INSTANT and UNLIMITED ACCESS to this incredible manual?

Download your copy now! This Is The ACTUAL Manual Used To Train IRS Audit Agents on Alternative Minimum Tax For Individuals. GUARANTEED to be chock-full of ALL of the information you need to survive an audit from the IRS in an easy to understand format!

TABLE OF CONTENTS

  • CHAPTER 1
    • Introduction 1-1
    • A Brief History of Alternative Minimum Tax 1-1
    • Current Years’ AMT 1-2
  • CHAPTER 2
    • Computing AMT 2-1
    • Form 6251 Alternative Minimum Tax-Individuals 2-1
    • Adjustments and Preference Items 2-1
    • Line 1, Standard Deduction and Itemized Deductions 2-1
    • Line 2, Medical and Dental Expenses 2-3
    • Line 3, Taxes 2-4
    • Line 4, Interest on Home Mortgage 2-5
    • Line 5, Miscellaneous Itemized Deductions 2-6
    • Line 6, Refund of Taxes 2-6
    • Line 7, Investment Interest 2-7
    • Line 8, Post-1986 Depreciation 2-8
    • Line 9, Adjusted Gain or Loss 2-13
    • Line 10, Incentive Stock Options 2-14
    • Line 11, Passive Activities 2-16
    • Line 12, Beneficiaries of Estates and Trusts 2-20
    • Line 13, Tax-exempt Interest from Private Activity Bonds Issued after 8/7/86 2-20 Other Items of Adjustment and Tax Preference Items 2-22
    • Line 14a, Charitable Contributions (For Tax Years 1993–1997) 2-22
    • Line 14b, Circulation Expenditures (For Tax Years 1993–1997)
    • Line 14a for Tax Year 1998) 2-22
    • Line 14c, Depletion (For Tax Years 1993–1997)
    • Line 14b for Tax Year 1998) 2-23
    • Line 14d, (Pre–1987) Depreciation (For Tax Years 1993–1997)
    • Line 14c for Tax Year 1998) 2-24
    • Line 14e, Installment Sales (For Tax Years 1993-1997)
    • Line 14d for Tax Year 1998) 2-26
    • Line 14f, Intangible Drilling Costs (For Tax Years 1993–1997)
    • Line 14e for 1998) 2-26
    • Line 14f, Large Partnerships (For Tax Year 1998) 2-29
    • Line 14g, Long-term Contracts 2-29
    • Line 14h, Loss Limitations 2-31
    • Line 14i, Mining Costs 2-32
    • Line 14j, Patron’s Adjustment (For Tax Years 1994–1998) 2-33
    • Line 14k, Pollution Control Facilities (For Tax Years 1994–1998; Line 14j for Tax Year 1993) 2-33
    • Line 14l, Research and Experimental Expenditures (For Tax Years 1994–1998)
    • Line 14k for Tax Year 1993)2-34
    • Line 14m, Tax Shelter Farm Activities (For Tax Years 1994–1997)
    • Line 14l for Tax Year 1993; Line 14n for Tax Year 1998) 2-36
    • Line 14m, Section 1202 Exclusion (For Tax Year 1998) 2-37
    • Line 14n, Related Adjustments (For Tax Years 1993–1997; Line 14o for Tax Year 1998) 2-37
    • Line 15, Total Adjustments and Preferences 2-38
    • Alternative Minimum Taxable Income 2-38
    • Line 16, Taxable Income Before Personal Exemptions 2-38
    • Line 17, Net Operating Loss (NOL) Deduction 2-38
    • Line 18, Phased-out Itemized Deductions 2-38
    • Line 19, Sum of Lines 15 through 18 2-39
    • Line 20, Alternative Tax Net Operating Loss (AMTNOL) Deduction 2-39 NOLS for AMT Purposes 2-40
    • Line 21, Alternative Minimum Taxable Income 2-42 Exemption Amount and AMT 2-42
    • Line 22, Exemption Amount 2-42
    • Line 23, Line 21 Minus Line 22 2-43
    • Line 24, Calculation of the Actual AMT 2-44
    • Line 25, Alternative Minimum Tax Foreign Tax Credit (AMTFTC) 2-44
    • Line 26, Tentative Minimum Tax 2-46
    • Line 27 2-46
    • Line 28, Alternative Minimum Tax 2-48
  • CHAPTER 3
    • Other Provisions that Affect AMT 3-1
    • Kiddie Tax 3-1
    • Partnership and S-Corporation Flow-Throughs 3-6
    • At-Risk Rules and Basis Limitations 3-6
    • Estimated Tax Payments 3-6
    • Short Tax Years 3-7
    • Restricted Consents and AMT 3-7
  • CHAPTER 4
    • Minimum Tax Credit 4-1
    • Minimum Tax Credit/General Rules 4-1
    • Minimum Tax Credit Net Operating
    • Loss (MTCNOL) 4-4
    • Minimum Tax Credit and AMT
    • Foreign Tax Credit 4-4
    • Special Rules Relating to Regular
    • Tax Credits from Nonconventional
    • Fuel Sources, Orphan Drug Credit and Qualified Electric Vehicle Credit 4-4
    • Computing the Minimum Tax Credit 4-5
    • Chapter 5
    • Prior Law 5-1
    • Personal Exemptions 5-1
    • Personal Interest 5-1
    • Investment Interest 5-2
    • Passive Activities 5-2
    • Charitable Contributions 5-3
    • Intangible Drilling Costs (IDC) 5-5
    • Energy Preference Deduction 5-5
    • Long-term Contracts 5-8
    • Research and Experimental 5-9
  • VI
    • Depletion Expense 5-10
    • Alternative Tax Net Operating Loss 5-10
    • AMT Exemptions 5-10
    • Percentage Applied When Arriving at Tentative AMT 5-10
    • Minimum Tax Credit 5-11
    • Kiddie Tax 5-11
Don’t forget – The IRS Tax Audit Manual for Alternative Minimum Tax for Individuals is tax deductible as a business expense!