February 2013 - AFSG Consulting

Five Facts to Know about AMT

By Lauryn Charles|2013-02-20T11:42:31-05:00February 20th, 2013|Individual Income Tax|

Source: www.irs.gov The Alternative Minimum Tax may apply to you if your income is above a certain amount. Here are five facts the IRS wants you to know about the AMT: 1. You may have to pay the tax if your taxable income plus certain adjustments is more than the AMT [...]

Six Important Facts about Dependents and Exemptions

By Lauryn Charles|2013-02-07T11:45:55-05:00February 7th, 2013|Individual Income Tax, Parents and Children|

Source: IRS.gov While each individual tax return is unique, there are some tax rules that affect every person who files a federal income tax return. These rules involve dependents and exemptions. The IRS has six important facts about dependents and exemptions that will help you file your 2012 tax return. [...]