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Alternate Minimum for Self Employment Tax

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Part of the video series: Self Employment Tax Tips

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Summary: Learn and understand the alternate minimum tax for self employment tax with expert tax advice in this free online self employment tax deduction video clip.

Views: 477 | Tags: self, advice, filing, employment, irs, tax, employed, 1099, refund, deductions

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About the Expert

Tom Choistnet Tom Choisnet was born, raised, and educated in San Bernardino, California where he has his practice today. He has been in self-employed tax practice for over ... read more

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Video Transcript

Alternate Minimum for Self Employment Tax

Hi, I’m Tom Choisent, enrolled agent; I’ve got a couple of ideas of how to understand better alternative minimum tax. I have seen many of them over the years and basically what is does is simply create a flat tax environment for those people who are savvy enough or have evolved enough so that maybe they are paying a little less tax than the government thinks you should. So while it is not the panic button that the politicals like us to think it is, it is an effort toward the flat tax, it levels everything out a twenty-eight percent, that is the effect of it. So don’t let it bother you it is just part of what people say that they want, so take that into consideration. They have adjusted the limits so that they are reasonable as to the people who are involved. Thank you for watching, I have got some other clips, take a look at them, I am sure that they will help make your tax experience a little bit easier. Thank you.

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