tag:blogger.com,1999:blog-7276564.post-50804714160922488702007-10-19T11:34:00.000-07:002007-10-19T11:37:47.816-07:00<a href="http://www.blogsearchengine.com/"></a><b><span style="font-size:180%;color:navy;"><span style="font-size: 16pt; color: navy; font-weight: bold;"></span></span></b><b><span style="font-family:Times New Roman;font-size:100%;color:black;"><span style="font-size: 8pt; color: black; font-weight: bold;"> </span></span></b><span style="font-family:Times New Roman;font-size:100%;color:black;"><span style="font-size: 12pt; color: black;">The following AMT exemptions will decrease after 12/31/2006: </span></span> <ul style="margin-top: 0in;" type="circle"><li class="MsoNormal" style="color: black;"><span style="font-family:Times New Roman;font-size:100%;color:black;"><span style="font-size: 12pt;">$62,500 to $45,000 for Married Filing Joint</span></span> </li><li class="MsoNormal" style="color: black;"><span style="font-family:Times New Roman;font-size:100%;color:black;"><span style="font-size: 12pt;">$42,500 to $33,750 for Single</span></span> </li><li class="MsoNormal" style="color: black;"><span style="font-family:Times New Roman;font-size:100%;color:black;"><span style="font-size: 12pt;">$31,275 to $22,500 for Married Filing Separate</span></span> </li></ul> <p class="MsoNormal"><span style="font-family:Times New Roman;font-size:100%;color:navy;"><span style="font-size: 8pt; color: navy;"> <span style="font-size:130%;">To avoid surprising and penalties and interest, if you have substantial income you should run a projection of the taxes including AMT calculation before year end to see if this increase will affect you.</span></span></span><span style="font-size:130%;"><b><span style="font-family:Times New Roman;color:navy;"><span style="font-size: 8pt; color: navy; font-weight: bold;"><br /></span></span></b></span></p> <p class="MsoNormal"><b><span style="font-family:Times New Roman;font-size:130%;color:navy;"><span style="font-size: 14pt; color: navy; font-weight: bold;"><br /></span></span></b></p> <p class="MsoNormal" style="text-align: center;" align="center"><b><span style="font-family:Times New Roman;font-size:78%;color:navy;"><span style="font-size: 8pt; color: navy; font-weight: bold;"> </span></span></b></p> <p class="MsoNormal" style="text-align: center;" align="center"><span style="font-family:Times New Roman;font-size:78%;"><span style="font-size: 8pt;"> <br /></span></span></p>Don D. Nelson, Attorney, CPAhttp://www.blogger.com/profile/13763998516524589975noreply@blogger.com