Alternative Minimum Tax: A Look at the Modified Rules

Description

The 2017 Tax Cuts and Jobs Act did not repeal the individual AMT, it merely modified it for 2018 and beyond. The changes in the Act may have raised the AMT entry point, but it will still impact many upper income taxpayers - some of your best clients! This program will look at both the AMT for 2017 returns you are preparing this year and the 2018 tax returns on your horizon.

This event may be a rebroadcast of a live event, with the instructor available to answer your questions either during or after the event.

Date/Time

Thursday, October 11, 2018
Registration Time: 9:00am
9:00am – 11:00am

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Course Type

On-line Live Vendors

CPE Credit

2.00 hours CPE credit

Field of Study

Taxation

Level of Knowledge

Intermediate

Designed For

CPAs in public practice and industry seeking an update on the latest tax developments and rules relating to the AMT tax.

Vendor

CPA Crossings

Prerequisites

None

Advanced Preparation

None

Highlights

  • How the Alternative Minimum Tax (AMT) works.
  • Tax rates and brackets.
  • Exemption amounts and phase-out, including increased exemption and phase-out for 2018.
  • Deferrals vs. exclusions.
  • The "Big Three": State and local taxes, personal exemptions and miscellaneous itemized deductions.
  • Limited use of tax credits.
  • Reporting on Form 6251.
  • Credit for prior tax year minimum tax paid.
  • AMT surprised and planning.


Objectives

Gain a working knowledge of the modified AMT rules.

Discuss planning and potential pitfalls.


Location

N/A (This is a webcast)
Member Fee $79.00
Non-Member Fee $79.00
Your Price $79.00

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