24 Quotes by Martin Nissenbaum

People don't expect it. The presumption is that when you pay taxes that are deductible you won't have to pay tax again. Just having a lot of kids can put you into the AMT.

People don't expect it, ... The presumption is that when you pay taxes that are deductible you won't have to pay tax again. Just having a lot of kids can put you into the AMT.

That obviously is not a good thing to do.

You need to work through which of the qualified dividends you received from a mutual fund are actually qualified based on the holding period.

It probably doesn't make sense to postpone making the extra deductions because even in a high state-tax situation the federal benefit still outweighs the state cost.

It's always a better idea to fess up with the IRS.

Congress wised up to that. They weren't going to let people slam money into those

They'll be able to figure it out and they'll send you a bill, plus interest and potentially a penalty. You can't avoid AMT by saying you won't fill out the form.

In Florida, there is no income tax but there is an intangible tax, so they will be able to deduct both.