What is Alternative Minimum Tax (AMT)

JUN 18, 2021-1 MIN
Your Trusted Advisor with Tan Phan, MSFP, CFP®

What is Alternative Minimum Tax (AMT)

JUN 18, 2021-1 MIN

Description

Please visit my website for the full video transcript: https://tanphan.com/blog Connect with me on LinkedIn: https://www.linkedin.com/in/tanmphan TAN Wealth Management Overview - Why does alternative minimum tax exist? - What is the alternative minimum tax (AMT)? - How to calculate alternative minimum tax - How to calculate alternative minimum tax income (AMTI) - How to calculate alternative minimum tax (AMT) - What is an alternative minimum tax exemption? - What are the 2021 AMT exemption amounts? - In general, what does “phaseout” mean? - The alternative minimum tax exemption phaseout - Why you should not go over the annual alternative minimum tax income phaseout amount - What are the alternative minimum tax rates for 2021? - What happens when you exercise incentive stock options (ISOs)? - Form 6251 - AMT credit - Using AMT credit - Why do you get taxed on the bargain element if you are subject to AMT? - I am currently not subject to AMT liability. How do I know if I am subjected to AMT liability when I exercise my ISOs? - Understanding the relationship between alternative minimum tax and incentive stock options - Does California have AMT? - AMT and incentive stock options in non-public companies