Martin Nissenbaum
Martin Nissenbaum
clients
When we have clients come with us, we say 'Don't say anything'.
expect kids pay people taxes
People don't expect it. The presumption is that when you pay taxes that are deductible you won't have to pay tax again. Just having a lot of kids can put you into the AMT.
expect kids pay people taxes
People don't expect it, ... The presumption is that when you pay taxes that are deductible you won't have to pay tax again. Just having a lot of kids can put you into the AMT.
assistant bit eligible list
The AMT assistant is a bit limited. They give you a list of things where you're not eligible to use the calculator.
advantages chance fast key low
The key advantages are the low chance of inaccuracy, and the fast refund.
pink red
I'd say it's a pink flag, not a red flag. It's not necessarily going to get you audited, but you have to be careful.
expenses people realize win
People don't realize that if they win they can actually take a deduction for expenses they incurred or if they had losses.
records tied
Have your records tied up as neatly as possible, so you're not shuffling through records,
choice income sales states tax taxpayers
States with no income tax complained that their taxpayers were at a disadvantage, so now everyone has the choice of deducting sales or income tax,
avoid figure fill interest plus saying send
They'll be able to figure it out and they'll send you a bill, plus interest and potentially a penalty. You can't avoid AMT by saying you won't fill out the form.
good obviously
That obviously is not a good thing to do.
detached exception office
The only exception is if your office is a detached structure.