tax preference items

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Tax Preference Item

Income or other event that is excluded when calculating one's ordinary tax liability but is included when calculating one's liability for the alternative minimum tax. That is, a tax preference item is an item that would be tax deductible under normal circumstances but is not for purposes of the alternative minimum tax. Examples include depreciation and some interest on municipal bonds.

Certain types of income or deductions that are used to calculate the alternative minimum tax. The most common item related to real estate is the depreciation deduction.

Tax Preference Items

Tax items that may result in the imposition of the alternative minimum tax.

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alternative minimum tax AMT Tax Preference Item			You must be 100% sure the tax write-offs are being properly listed as legitimate tax preference items in the yearly K-1 reports, which are prepared by the development companies and sent to the IRS each year. Investing in Oil and Gas Opportunities by Michael Whitman / Finance and Investment community 104) The purpose was to ensure that the aggregating of tax preference items did not lead to those with large incomes paying little or no taxes. Economic analysis in judicial decision making - an assessment based ... by Chodorow, Adam / Virginia Tax Review Many tax preference items (such as excess depletion allowances and interest on private activity bonds) result in permanent differences. The AMT trap by Kern, Beth B. / Journal of Accountancy			tax ferret tax foreclosure Tax Free Acquisition Tax Haven Tax Haven Affiliate Tax Holiday tax home Tax Identification Number tax indexing Tax Liability tax lien Tax Lien Certificate Tax Loophole Tax Loss Tax Loss Carryback Tax loss carryback, carryforward Tax Loss Carryforward Tax Loss Harvesting Tax Lot Accounting Tax Map tax maps tax on sale of home Tax Opinion Tax Planning Tax Preference Item tax preference items Tax Preparation Services tax rate Tax Rate Schedules tax redemption Tax Reduction Strategy Tax Reform Act of 1976 Tax Reform Act of 1984 Tax Reform Act of 1986 Tax Reform Act of 1993 Tax Refund Tax Return tax roll tax sale Tax Schedule Tax Schedules Tax Selling tax shelter Tax Shield Tax Software Tax Status Election tax stop Tax Straddle Tax Swap Tax Table Tax Treaty			tax on sale of home tax one’s energies Tax Opinion Tax Opinions Tax Optimized Return Oriented Securities Trust tax payer tax payer tax payer Tax Payers Tax Payers Tax Payers Tax Payers Facilitation Centre Tax Payers' Alliance Tax penalty Tax penalty Tax penalty Tax penalty Tax Performance System Tax Plan Tax planning Tax planning Tax planning Tax planning Tax planning Tax Plans tax policy Tax Policy Center Tax Policy Library Tax Pre-Paid Savings Plan Tax preference item tax preference items Tax preparation service Tax preparation services Tax Professional Financial Advisor Tax Professional Mailing List tax program Tax Projects Delivery Group Tax Qualified Tax Qualified Tax Qualified Tax Qualified Tax Qualified Tax Qualified Maintenance Tax Qualified Plan Tax Qualified Plan Tax Qualified Plans Tax Qualifying Plan Tax Qualifying Plans tax rate tax rate tax rate tax rate tax rate Tax Rate Schedules Tax rates Tax rates Tax rates Tax rates Tax rebate Tax rebate Tax Rebate Discounting Act

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