Category: Alternative Minimum Tax

  • A Refresher on Major Tax Law Changes for Small-Business Owners

    A Refresher on Major Tax Law Changes for Small-Business Owners

    The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to shift their focus to assessing whether they’ll likely owe taxes or get a refund when they file their returns…

  • Do You Still Need to Worry About the AMT?

    Do You Still Need to Worry About the AMT?

    There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation. A repeal wasn’t included in the final version of the Tax Cuts and Jobs Act (TCJA), but the TCJA will reduce the number of taxpayers subject to the AMT. Now is a good time to familiarize…