The foreign tax credit can help mitigate the impact of the alternative minimum tax (AMT) for taxpayers with income taxed abroad. While the AMT limits certain deductions and credits, it does allow a ...
Are you an AMT victim? You just might be eligible for a generous credit. ARE YOU ONE of the millions of Americans who has suffered under the dreaded alternative minimum tax, or AMT, over the past few ...
The IRS on Tuesday released Rev. Proc. 2009-33, providing guidance on how taxpayers can elect not to claim 50% bonus depreciation under IRC § 168(k)(1) but instead increase their credit limitation ...
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