View Single Post
  #26  
Old 02-26-2008, 10:58 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default IRS Form 1099 from Mastro Auctions

Posted By: Eric Brehm

Another example is timing certain income and deductions to reduce the effect of the Alternative Minimum Tax on your tax liability, by allocating these to years in which you are less exposed to the AMT. This is using a loophole in the tax code of sorts, but is perfectly legitimate. But the complexity of it is mind-boggling.

Reply With Quote