Stealth Tax: Planners Try To Protect Clients from the AMT

Opiela, Nancy
December 2005
Journal of Financial Planning;Dec2005, Vol. 18 Issue 12, p34
Academic Journal
This article focuses on the alternative minimum tax (AMT). Barbara Steinmetz of Steinmetz Financial Planning stressed that AMT is affecting some of her clients who are barely making $100,000 a year. Mark Briggs, CPA, shares the same frustration. Almost half of his clients were hit with the AMT. A multi-year perspective and strategies are necessary to avoid or minimize the impact of AMT. But Steinmetz warns that there are never any guarantees with this approach. According to him, it is much better to take a disqualifying disposition. INSET: FPA Officially Supports Repeal of AMT: Planners Sound Off.


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