Alternative Minimum Tax Market Segment Specialization Program

Numerous taxpayers are feeling the bite of the alternative minimum tax (AMT) as a direct result of the proliferation of tax preference items. To clarify application of the AMT for individual taxpayers, the IRS has issued a new audit guide in its Market Segment Specialization Program. The author iden...

Full description

Saved in:
Bibliographic Details
Published inThe CPA journal (1975) Vol. 70; no. 12; p. 30
Main Author Smith, Darlene Pulliam
Format Journal Article
LanguageEnglish
Published New York New York State Society of Certified Public Accountants 01.12.2000
Subjects
Accounting firms
Alternative minimum tax
Auditing procedures
Audits
CPAs
Documentation
Laws, regulations and rules
Market segments
Minimum tax
Net operating losses
Specialization
Tax accounting
Tax law
Tax preference items
Tax refunds
Taxable income
United States
United States > US
Online AccessGet full text

Cover

More Information
Summary:Numerous taxpayers are feeling the bite of the alternative minimum tax (AMT) as a direct result of the proliferation of tax preference items. To clarify application of the AMT for individual taxpayers, the IRS has issued a new audit guide in its Market Segment Specialization Program. The author identifies situations most likely to be encountered and explains the examples given by the audit guide. In addition, the author presents a comprehensive list of audit techniques for AMT items.
ISSN:0732-8435