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Professional Tax Software News & Advice

What You Should Know about the AMT

Even if you’ve never paid the Alternative Minimum Tax, before, you should not ignore this tax. Your clients’ taxes may have changed so that this may be the year that they need to pay AMT. They may have to pay this tax if their income is above a certain amount. AMT attempts to ensure that taxpayers who claim certain tax benefits pay a minimum amount of tax. [More]