Tax Law

Recent Posts

Promises, Promises
Posted on 18 Apr 2013 by David Cay Johnston

... In 2007 Senator Barack Obama, through a spokeswoman, called the AMT " outdated and in need of sustainable, long-term reform. He looks forward to working in a bipartisan fashion to reform the AMT in the future ." In his first budget for fiscal... Read More

Taxing the Rich, and Missing the Point
Posted on 30 Jul 2012 by Christopher Bergin

The hot tax news is that President Obama has proposed extending the so-called Bush tax cuts but only for the middle class, not for the people the President thinks are rich. (If he gets what he wants can we start calling them the Obama tax cuts?) Apparently... Read More

AMT "Ifs and Buts": Considering Prospects for 2012 and Beyond
Posted on 26 Jun 2012 by LexisNexis Tax Law Community Staff

By Suellen Wolfe, J.D., LL.M. * In 1986, Congress concluded that "that no taxpayer with substantial economic income [should be able to] avoid significant tax liability by using exclusions, deductions, and credits. Although these provisions may... Read More

Taxing the Rich, and Missing the Point
Posted on 30 Jul 2012 by Christopher Bergin

The hot tax news is that President Obama has proposed extending the so-called Bush tax cuts but only for the middle class, not for the people the President thinks are rich. (If he gets what he wants can we start calling them the Obama tax cuts?) Apparently... Read More

AMT "Ifs and Buts": Considering Prospects for 2012 and Beyond
Posted on 26 Jun 2012 by LexisNexis Tax Law Community Staff

By Suellen Wolfe, J.D., LL.M. * In 1986, Congress concluded that "that no taxpayer with substantial economic income [should be able to] avoid significant tax liability by using exclusions, deductions, and credits. Although these provisions may... Read More

AMT Patch Appears on the Horizon
Posted on 15 Nov 2010 by Maria Domingo

As Congress returns to Capitol Hill post-elections, key bipartisan tax leaders have promised to patch the alternative minimum tax ("AMT") for the 2010 tax year. The AMT operates parallel to the regular income tax to ensure that taxpayers pay... Read More