Research Problem 7. Go to one of the tax newsgroups, and post a short note on one

Question:

Research Problem 7. Go to one of the tax newsgroups, and post a short note on one of the following items relative to individuals who are subject to the AMT:

a. Interest deductions on vacation homes.

b. Charitable contributions of appreciated securities.

c. Tax preparation fees.

d. Adequacy of the exemption amount.

e. Indexing of AMT rates.

f. Local property tax.

g. Tax benefit rule.

Research Problem 8. Ascertain whether your state’s income tax has an AMT component. If your state does not levy an income tax, choose a contiguous state that does.

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