Technical topics regarding tax preparation.
26-Nov-2018 5:56pm
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- 191
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- 28-May-2014 10:05pm
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- USA
Self Employed individual making >$900k.
Other than taxes, no preference items and AMT has never exceeded regular tax.
Considering 2018 donation of $100K to charity.
Appears this has no impact on AMT/Form 6251.
Any changes to consider for 2018 to this?
5-Dec-2018 6:58pm
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- 27-Jul-2014 10:19pm
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- Orange County,CA
I agree that 900 K of self employed income should not put client in AMT for 2018 . However that level of income bears some year end tax planning, particularly because of self employment status.
A starting point is estimating what client's income will be for 2019.
There are tons of tax planning considerations but there is not enough information provided .
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