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Taxes - AMT

Chalanachithram.com DB » New TF Industry Related » Archive through April 14, 2016 » Taxes - AMT « Previous Next »
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Stellar
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Username: Stellar

Post Number: 836
Registered: 02-2016
Posted From: 204.136.21.250

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Posted on Tuesday, April 12, 2016 - 01:55 pm:       

Kadataniki badha ga vunte antha earn cheyamakandayya

 

Valasa
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Username: Valasa

Post Number: 74
Registered: 08-2014
Posted From: 66.129.239.13

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Posted on Tuesday, April 12, 2016 - 01:53 pm:       


Gotcha:




If all the income isn't W2. I would recommend open a LLC or Corp for the 1099 income and contribute to SEP IRA.
 

Gotcha
Megastar
Username: Gotcha

Post Number: 24197
Registered: 02-2008
Posted From: 172.87.48.134

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Posted on Tuesday, April 12, 2016 - 01:02 pm:       


Jai_ycp:

200K AGI vundhi ante minimum 260K gross vundi vuntundhi or more.


need not be. 401k lo peddaga petakapote it can differ.
...
 

Andhrawala
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Username: Andhrawala

Post Number: 49995
Registered: 03-2008
Posted From: 152.51.56.1

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Posted on Tuesday, April 12, 2016 - 12:59 pm:       


Jai_ycp:

200K AGI vundhi ante minimum 260K gross vundi vuntundhi or more.




401K max 17K,STandard Deduction/Itemized Ded, exemptions enthaa ane daani batti vuntundhi
No Signature
 

Jai_ycp
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Username: Jai_ycp

Post Number: 3573
Registered: 04-2015
Posted From: 100.36.224.18

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Posted on Tuesday, April 12, 2016 - 12:49 pm:       


Andhrawala:



200K AGI vundhi ante minimum 260K gross vundi vuntundhi or more.
the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ
http://goo.gl/gn6XL5
the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu
 

Andhrawala
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Username: Andhrawala

Post Number: 49991
Registered: 03-2008
Posted From: 152.51.56.1

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Posted on Tuesday, April 12, 2016 - 12:48 pm:       


Moviebuff001:


Ante before taxes, deductions, minimum 260k aa




Before Taxes kaadu

Tax form lo AGI antaadu adhi. Adjusted Gross Income

ur gross - 401K Contribution - Exemptions, Stadard/Itemised Deductions
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Gudiwada
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Username: Gudiwada

Post Number: 2262
Registered: 02-2007
Posted From: 74.118.96.34

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Posted on Tuesday, April 12, 2016 - 12:39 pm:       


Gotcha:

naaku kuda doola teeripoyindi, chuss. emi cheyali chepandi naaku kuda.




same here
 

Gotcha
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Username: Gotcha

Post Number: 24196
Registered: 02-2008
Posted From: 172.87.48.134

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Posted on Tuesday, April 12, 2016 - 12:31 pm:       


Rajin:

evryone qualifies here so pedda


yes chala mandi untaru db lo.
...
 

Sanju
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Username: Sanju

Post Number: 3340
Registered: 02-2008
Posted From: 208.178.195.218

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Posted on Tuesday, April 12, 2016 - 12:20 pm:       

DB tax pandithulaki thanksooo thanksu! Sam thaata Income okkatey consider chesthaada? , liabilities kooda na?
 

Rajin
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Username: Rajin

Post Number: 11636
Registered: 05-2012
Posted From: 69.32.128.19

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Posted on Tuesday, April 12, 2016 - 12:19 pm:       


Gotcha:

nee total income 200k


evryone qualifies here so pedda
erra thuvvalu and mukku ega seedhudike 25$ ettaga lenidhi aa grace and aa screen presence ki enthaina ettochhu..
 

Saint
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Username: Saint

Post Number: 60292
Registered: 01-2011
Posted From: 144.230.63.54

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Posted on Tuesday, April 12, 2016 - 12:16 pm:       

effudu inaledu ee term...now I know the reason..

Kummu gotcha & nippu kummu
 

Moviebuff001
Junior Artist
Username: Moviebuff001

Post Number: 804
Registered: 06-2013
Posted From: 208.92.228.62

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Posted on Tuesday, April 12, 2016 - 12:10 pm:       


Gotcha:

total income 200k kana ekkuva undali after all deductions,



Ante before taxes, deductions, minimum 260k aa
 

Gotcha
Megastar
Username: Gotcha

Post Number: 24194
Registered: 02-2008
Posted From: 172.87.48.134

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Posted on Tuesday, April 12, 2016 - 12:05 pm:       


Savyasachi:


nee total income 200k kana ekkuva undali after all deductions, unte ventane chaalu maaku dorikavu idigo ee 5k or 7k extra tax kateyi ani badestaru.
...
 

Savyasachi
Junior Artist
Username: Savyasachi

Post Number: 929
Registered: 12-2013
Posted From: 98.230.31.93

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Posted on Tuesday, April 12, 2016 - 11:57 am:       

ee AMT jackpot tagalali ante entha undali yearly income?
 

Dreamcatcher
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Username: Dreamcatcher

Post Number: 8084
Registered: 11-2009
Posted From: 208.86.145.68

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Posted on Tuesday, April 12, 2016 - 11:22 am:       


Nippu_nagaraj:

online lo if u know u r gonna be hit by AMT appudu property taxes pre-pay cheyyoddu antunnadu.. i couldnt understand this...




basically, you are postponing your deductions to next year...so, your taxable income is less, there by reducing your chances of getting hit with AMT.
 

Moviebuff001
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Username: Moviebuff001

Post Number: 803
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Posted on Tuesday, April 12, 2016 - 11:20 am:       

http://www.pacifictax1040.com/library/amt-alternative-minimu m-tax.html

A couple living in California and making $250,000 would likely pay around $19,000 a year in state income tax. They would be able to deduct this $19,000, but because of the AMT only the first $14,116.00 of state income tax would be really deductible.
If the taxpayers paid only $14,116 in state income tax and deducted this on their federal return, their federal tax would be $53,214. But if they paid an additional $1,000 in state tax during the year then their regular tax would be reduced to $52,884 — less by $330 (33% of $1,000). But the AMT would be exactly $330. Thus the total tax would still be $53,214.
In fact, none of the state income tax about $14,116 would make a difference to the total tax.
Some good news: Your state tax income refund may not be taxable on your federal return. See the bullet point above for more detail
 

Vja2va
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Username: Vja2va

Post Number: 3568
Registered: 11-2014
Posted From: 68.100.233.207

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Posted on Tuesday, April 12, 2016 - 11:20 am:       

bump for Rudraksha ( $500/hr earning ani seppad - 3 jobs)
 

Brighton
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Username: Brighton

Post Number: 2670
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Posted From: 216.228.224.84

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Posted on Tuesday, April 12, 2016 - 11:16 am:       


Nippu_nagaraj:

debba padindi.




naakanna ekkuvaa? naaku laagipetti chaachi peekadu
 

Vja2va
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Username: Vja2va

Post Number: 3567
Registered: 11-2014
Posted From: 68.100.233.207

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Posted on Tuesday, April 12, 2016 - 11:14 am:       


Sanju:

AMT - enti idhi? evaraina dayachesi vivarimpudi




Alternative Minimum Tax... Goppollu tega sampadinchesi edo oka tax loophole vaadesi tax kattakunda untaru ani idi pettaru... Idi trigger ayyaka inka deduction pettina, depreciation pettina, em sesina tax kattalsina amount taggadu..

Ina mana lanti mango gallaki avanni endukule... Manam ee weekend velli Raajeev Swagruha ki apply seddam..
 

Stellar
Junior Artist
Username: Stellar

Post Number: 828
Registered: 02-2016
Posted From: 204.136.21.250

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Posted on Tuesday, April 12, 2016 - 11:12 am:       


Sanju:




AMT ante nuvvu chupinchina deductions chaalle kaani minimum intha tax kattamma ani :d
 

Nippu_nagaraj
Comedian
Username: Nippu_nagaraj

Post Number: 1291
Registered: 06-2015
Posted From: 24.130.133.52

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Posted on Tuesday, April 12, 2016 - 11:07 am:       

@rajin - illu konnake debba padindi.. had to sell my stocks and the profits pushed me into the bigger brackets.. hmm should have taken loan from 401k...

online lo if u know u r gonna be hit by AMT appudu property taxes pre-pay cheyyoddu antunnadu.. i couldnt understand this... nipunulu koddiga light veyyagalara?
 

Andhrawala
Legend
Username: Andhrawala

Post Number: 49983
Registered: 03-2008
Posted From: 152.51.56.1

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Posted on Tuesday, April 12, 2016 - 10:47 am:       


Sanju:

AMT - enti idhi? evaraina dayachesi vivarimpudi




High Income people aina Nippu Nagaraj, Gotcha, TI, Hyder Bhaai, Maverick , Agniparvatham etc will be impacted by this

Not for Mango people
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Sanju
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Username: Sanju

Post Number: 3338
Registered: 02-2008
Posted From: 208.178.195.218

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Posted on Tuesday, April 12, 2016 - 10:45 am:       

AMT - enti idhi? evaraina dayachesi vivarimpudi
 

Gotcha
Megastar
Username: Gotcha

Post Number: 24192
Registered: 02-2008
Posted From: 172.87.48.134

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Posted on Tuesday, April 12, 2016 - 10:21 am:       

naaku kuda doola teeripoyindi, chuss. emi cheyali chepandi naaku kuda.
...
 

Rajin
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Username: Rajin

Post Number: 11626
Registered: 05-2012
Posted From: 69.32.128.19

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Posted on Tuesday, April 12, 2016 - 10:19 am:       

401K ettukoo, illu konukoo, health savings account kattukko
final gaa nee ID marchikoooooooooooooo
erra thuvvalu and mukku ega seedhudike 25$ ettaga lenidhi aa grace and aa screen presence ki enthaina ettochhu..
 

Nippu_nagaraj
Comedian
Username: Nippu_nagaraj

Post Number: 1290
Registered: 06-2015
Posted From: 24.130.133.52

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Posted on Tuesday, April 12, 2016 - 10:16 am:       

debba padindi... experts please share your inputs how to plan ahead to save on taxes and not get shaved..

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