AMT and LLCs - Ask TaxGuru

» Tax Tips
How can a Taxpayer avoid the underpayment penalty?
IRS extends Corporate Tax filing time to Taxpayers affected...
IRS increases the tax-bracket thresholds for each filing...
IRS announces Standard Deductions will increase in 2009 due...
IRS announces Personal Exemptions will increase in 2009 due...

» Recent Tax Q&A
Proportional S Corporation distributions
Should Detroit's auto makers get financial aid...
Refinancing with Accrued interest
Refinanced Accrued interest
IRA withdrawal penalty for account Beneficiary
S Corporation Deadline
Sole, S corp., LLC...HELP!! I'm drowning in...
Accrued interest on shareholder note to...
FBAR reporting requirements
Reporting Requirements for Silver or Gold

» Free Downloads

Latest Files

EzWagez Payroll System
TurboCASH
AlauxSoft Accounts and Budget
Gas Mileage MPG Tracker
Integrated Business Decisions

LinkBack

Thread Tools

Display Modes

#1 (permalink)

08-13-2008, 11:19 AM

ophdesdi

Junior Member

Join Date: Aug 2008

Posts: 1

AMT and LLCs

Are the deductions applied to an LLC subject to the AMT? My understanding is that only the "net" income from an LLC is subject to the AMT. Am I correct?

Sponsors

« Are there income restrictions to receiving these Tax Refunds? | What are the consequences of not filing your Tax Return on time? »

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts vB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are Off Refbacks are Off