Individual Tax Archives - Page 2 of 2 - Philadelphia CPA
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Individual Tax

The Alternative Minimum Tax (AMT) is a tax on your deductions. Yes, you read that right.Its an additional tax that is calculated and added to the regular tax computed. The AMT stealth tax works by eliminating or reducing taxpayer's deductions that one gets with the...

The Kiddie Tax was created by lawmakers to prevent taxpayers from shifting income to their children to take advantage of the child's lower tax bracket. This tax can arise also without income shifting as well.Does your child have investment accounts that generate income? If so,...