Tax Law Blog
Posts from March 2013.
Posted by: Nicholas M. Oertel
The Alternative Minimum Tax (“AMT”) was enacted in 1969 to ensure that high-income individuals paid at least a minimal amount of tax. The AMT operates parallel to the regular tax system and allows different deductions, credits, and exemptions.
Categories: Alternative Minimum Tax, Income Tax
Posted by: Nicholas M. Oertel
On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (ATRA) into law. Enacted to address the tax side of the “fiscal cliff,” the ATRA primarily addresses the expiration of certain portions of the Bush-era tax cuts. Below is a summary of the major tax provisions in the ATRA.
Categories: Alternative Minimum Tax, Income Tax
