Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Alternative Minimum Tax - The Real Federal Income Tax (AMT4)

4-Hour Program

WHY ATTEND THIS COURSE?

Over the years CPAs have discovered a larger proportion of their clients have been subject to the alternative minimum tax, and many of them found that once it began to apply to them it applied every year, making it their real federal income tax.

This course will look at the mechanics of the alternative minimum tax and how to help clients plan to minimize their tax liabilities taking into account the impact of this tax.

DESIGNED FOR...

CPAs who advise individuals and corporations on income tax matters.

OBJECTIVE

Participants will be able to:

  • List the adjustments to taxable income necessary to compute alternative minimum taxable income
  • Changes made to the AMT by the Tax Cuts and Jobs Act
  • Calculate adjustments and preferences applicable to the alternative minimum tax
  • Determine the proper amount of minimum tax credit
  • Incorporate the AMT into tax planning for potentially affected clients

MAJOR SUBJECTS

  • Taxpayers to who the AMT may apply
  • Preferences and adjustments under the AMT
  • Recovery of corporate minimum tax credit carryover under the Tax Cuts and Jobs Act
  • The purpose of the minimum tax credit, how is calculated and planning related to its use

COURSE ACRONYM: AMT4

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Intermediate

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxes/Special Tax Matters

RECOMMENDED CPE CREDIT: 4 hours


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.