Please visit my website for the full video transcript: https://tanphan.com/blog Connect with me on LinkedIn: https://www.linkedin.com/in/tanmphan

TAN Wealth Management

Overview- Why does alternative minimum tax exist?- What is the alternative minimum tax (AMT)?- How to calculate alternative minimum tax- How to calculate alternative minimum tax income (AMTI)- How to calculate alternative minimum tax (AMT)- What is an alternative minimum tax exemption?- What are the 2021 AMT exemption amounts?- In general, what does “phaseout” mean?- The alternative minimum tax exemption phaseout- Why you should not go over the annual alternative minimum tax income phaseout amount- What are the alternative minimum tax rates for 2021?- What happens when you exercise incentive stock options (ISOs)?- Form 6251- AMT credit- Using AMT credit- Why do you get taxed on the bargain element if you are subject to AMT? - I am currently not subject to AMT liability. How do I know if I am subjected to AMT liability when I exercise my ISOs?- Understanding the relationship between alternative minimum tax and incentive stock options- Does California have AMT?- AMT and incentive stock options in non-public companies