alternative minimum tax

A recent leak of President Donald Trump's 2005 tax filings revealed Trump’s effective tax rate in 2005 was around 25 percent. However, without a special type of tax called the Alternative Minimum Tax (AMT), Trump’s tax rate could have been as low as 3.5 percent, even though he...

With the start of early filing only days away, anyone planning to submit Internal Revenue Service tax returns for the 2013 tax year at the end of this week should be aware of changes in the tax code for this year. According to the IRS, there are several. New Top Rate If you were fortunate...