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TN Form 5768: What You Should Know

It's useful to think of alternative minimum tax (AMT) as two separate issues: the AMT tax itself and your estimated AMT tax. I have a lot of tax software I like, but only my personal choice with my own preference makes me think I'm good enough. If I can understand the complexity, and the differences, I have the basis and the confidence to make a decision. That's something else: I'm confident I really understand the tax issues.   My best option for preparing and reading a tax return is to do it all. If I don't understand the underlying facts, and you don't understand the underlying facts, we just can't understand each other. So the only way my return can make even 1% of profit is me telling you what to understand, so we can both know the issues. I am not an agent. I don't represent a client and don't know or care which issues and tax rules apply or not to you. What's important to me is getting the same answers I will get for my return from you, just by doing the same work. I get the same answers, just by doing the same work, because I want to get the same answers, so I don't take what I get for granted. There's no need to rely on my opinion as to what is wrong or right in the AMT, because your answer in the AMT is how the IRS views the issue.   If you find this content useful, then please consider sharing the article on Facebook, Twitter, Google+, LinkedIn, or through any other social media. In the spirit of transparency, I will note that all the content on this website that deals with taxes is my own opinions and analysis.

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