What is amt supposed to accomplish

Assignment Help Taxation

Reference no: EM133335581

Assignment:

PART A: What tax strategies might you suggest a taxpayer implement to manage his or her tax liability? Which types of taxpayers are most likely to benefit from your proposed strategies?

PART B: How is the alternative minimum tax system different from the regular income tax system? How is it similar? Why did Congress implement AMT? What is AMT supposed to accomplish? Who is most likely to pay AMT? Interesting point to note: the AMT calculation was eliminated for corporate taxpayers, but not individual taxpayers. Do you agree or disagree?

Reference no: EM133335581

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