Detail The AMT Trap   Oleh:  Kern, Beth B. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 188 no. 4 (1999), page 87. Topik: taxes; AMT trap Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.9 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Congress enacted the alternative minimum tax (AMT) in 1969 to make wealthy tax payers pay their fair share instead of using tax shelters and other means to reduce - or even eliminate - their federal tax liability. Despite this fair - minded purpose, an unintended result has been that more and more middle - income tax payers are falling into an AMT trap. The Omnibus Consolidated and Emergency Supplemental Appropriations Act of 1999 gave short - term relief to some of these taxpayers, with a waiver that ensured the AMT did not render their personal tax credits useless for 1998. Despite these modifications, many average taxpayers still found themselves paying AMT last year. Unless Congress addresses the AMT problem more comprehensively - as the AICPA suggested in its AMT proposal (see sidebar, AICPA Proposals on AMT) - the tax will become a thorn in the side of middle - income Americans as well as wealthy ones. Here is some guidance CPAs can use to profile and help clients who may unexpectedly find themselves snared by the AMT. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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