Course ID: AMT

AMT


Tax law will be different in 2016, but we don’t know how different. One thing is certain, however. The Alternative Minimum Tax (AMT) will not be totally repealed. This program offers practical problem solving and planning techniques for working with AMT and the related Minimum Tax Credit. Temporary extensions of an array 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 planning and presentation. Attention is given to transactions where most professional software is deficient.


LEARNING OBJECTIVES
  • Plan for and comply with alternative minimum tax provisions affecting individuals and corporations
  • Recognize opportunities to reduce AMT
  • Calculate preferences, adjustments, and AMT NOLs
  • Determine how the computer generated those numbers
  • Hone strategic thinking skills
  • Plan for scheduled AMT changes

MAJOR TOPICS
  • Any modifications made to the AMT becoming effective in late 2015 or early 2016
  • Various deductions and credits specifically allowed for AMT purposes by law
  • Adjustments and preferences
  • Interaction with interest limitation and passive loss rules
  • Calculation of Analysis Current Earnings ACE
  • Record-keeping for future effect of adjustments
  • Latest developments and audit targets
  • Planning techniques to reduce the impact of AMT

DESIGNED FOR
CPAs in public practice or industry who deal with AMT planning and compliance

PREREQUISITES
None

COURSE PRODUCER
Nichols Patrick CPE, Inc

CPE CREDITS
4.0

LEVEL
Intermediate

This course is available to be scheduled as:

Group Live
 

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