- NY Credits : 6.0
- TX Credits : 6.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 6.0
Alternative Minimum Tax
This course has been updated for relevant provisions of the Tax Cuts and Jobs Act. This course discusses the alternative minimum tax (AMT) for individuals and corporations. This includes issues concerning tax rates, required computation steps, and the exemption amount. This course also discusses adjustments, including issues concerning tax-preference and adjustment items. Also covered are the exemptions phaseout as well as the alternative minimum tax (AMT) credit.
This course is most appropriate for the professional with detailed knowledge in Alternative Minimum Tax who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Upon successful completion of this course, the user should be able to:
recognize alternative minimum tax (AMT),
identify tax preferences and adjustments that trigger the AMT,
determine the appropriate alternative elections that are available for reducing the AMT for certain preference and adjustment items, and
determine how to calculate AMT credits.