I think I've asked this question before but can't find it. Anyway someone with a huge 2% deduction gets no benefit from it because of AMT. He wants to write off an SUV on a 2106 and I explained it won't help him at all on the Federal. He wants ideas. Income is too high for IRA's , etc. He can donate to charity of course, but aside from that I think it just is what it is. Any ideas?
Ideas to help AMT?
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Maybe I don't understand accountable plans, but I don't see any reason that travel expense reimbursements could not be limited to the amount which the employer anticipates (in order to avoid the risk of higher than anticipated travel expenses).Last edited by OtisMozzetti; 12-19-2011, 01:45 PM.Comment
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That hadn't occurred to me. I don't know the answer.Comment
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