What’s your alternative minimum tax (AMT) preference?
Though you might prefer to not think about the AMT, certain income and deductions, known as preference items, affect the way the tax will apply to you. Those amounts, along with others called “adjustments,” are added to or subtracted from the income shown on your tax return to arrive at your AMT taxable income. (more…)
After weeks of wrangling over the details, both the Senate and the House passed a bill that will extend the tax rates in 
effect in 2010 for another two years. President Obama signed the 2010 Tax Relief Act into law on December 17, 2010. (more…)
This year will soon end… but you have a few more days to complete tax tasks before the calendar rolls into 2011. (more…)
For the first time ever, high-income taxpayers are eligible to convert a traditional IRA to a Roth IRA. Prior to 2010, you could not convert to a Roth in a year in which your modified adjusted gross income exceeded $100,000. (more…)
