Here are the answers
to some of the most Frequently Asked Questions our firm
Q. I want to buy a car and borrow using a home equity line of credit. Can I deduct the interest?
A. Yes. You may deduct qualified residence interest on acquisition indebtedness and home equity indebtedness(within limits).
Q. What can trigger AMT for individuals?
A. *A higher-than-average number of dependency exemptions*An unusually large deduction for state income taxes*Exercise of incentive stock options*A large deduction for unreimbursed employee business expenses or miscellaneous deductions*Tax-exempt interest from private activity bonds*Interest on a mortgage not used to buy, build, or improve your home