Bonita Springs, FL (PRWEB) April 15, 2009
Four million Americans are getting an unpleasant shock this year--having to write a $5,000 to $6,000 check to the IRS thanks to the alternative minimum tax (AMT).
The AMT is notoriously hard to predict because more than 30 different items can trigger it--and there's rarely one clear culprit. On top of that, nearly everything differs from the regular income tax. So strategies that would normally lower the income tax can increase the AMT and vice versa.
"The AMT is like the Bermuda Triangle of the tax code. No one--including most tax professionals--can tell you exactly what put you in the AMT zone much less how to reduce your liability for next year," said George Bauernfeind, one of the founders of AMTIndividual.
But an innovative new program offers an easy solution to understanding and cutting next April's AMT bill. After entering just 5-10 minutes worth of data, AMTIndividual will reveal exactly why the taxpayer had to pay AMT for the previous tax year. Then it walks them through simple and legal tax-saving strategies--customized to their personal financial situation.
"But what really sets AMTIndividual apart is the planning model. You can update your financial situation throughout the year and get new strategies. You can even evaluate how a financial decision will impact your regular and AMT taxes before making it--helping you avoid costly mistakes," said Bauernfeind.
There's an introductory $30 discount for those who sign-up for AMTIndividual before April 30, 2009. To find out more, visit http://www.AMTIndividual.com.
AMTIndividual was founded in 2008 to provide Americans an easy and convenient way to understand, strategize and plan for the alternative minimum tax. Our founders have more than six decades of personal and business tax planning experience, including the writing of a two-volume, nearly 1,000-page treatise on income taxation.