Alt Min Tax....... trash the 2106

[LCP]

I don't do that many returns subject to the Alt Min Tax, fortunately.......for me and the clients.

Am I correct that employee business expenses are completely worthless? Is there any reason to go thru the time and effort to get them??

Seems like it could raise their audit exposure....although you'd think that the IRS would also realize there is nothing in it for them.

Plus if autos are involved you've got issues re lowering and calculating the tax basis whether or not you depreciate or claim mileage.

[Gene V]

I notice the same, however it does help on my state return (OR).

[jimmcg]

Only way to find out for sure is run the numbers. That is the benefit of good software that allows you to do so at minimum time and effort. .........As to audit risk do it as long as it is legit a and properly documented.