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Tax Reduction: Founder of the Bradford Tax Institute Explains the Built-in Absurdity of the Alternative Minimum Tax (ATM)
From:
W. Murray Bradford_ CPA -- Bradford Tax Institute W. Murray Bradford_ CPA -- Bradford Tax Institute
San Rafael, CA
Monday, June 8, 2009


Tax Reduction Expert Murray Bradford has helped more than half a million small business owners save on their taxes.
 
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(SAN RAFAEL, Calif. - June 8, 2009 - Tax Reduction Letter) Tax reduction expert Murray Bradford today described what he observes to be the fundamental unfairness of the alternative minimum tax (AMT). Available in the Free Resources section of his tax reduction website, the Bradford Tax Institute, "AMT Attacks Dependents and Deductions" is an article by Bradford that explains how the AMT imposes taxes not only on dependents, but also on deductions that the government nevertheless encourages taxpayers to take. Normally accessible only to Bradford Tax Institute subscribers, this and other articles from the Tax Reduction Letter transform countless little-known tax deduction tips and strategies into common, actionable knowledge that one-owner and husband-and-wife businesses can follow.

"Since its implementation in the late sixties to ensure that a handful of taxpayers would no longer elude tax obligations, the AMT has become draconian and cost countless taxpayers sorely," said Bradford, whose expertise in tax reduction comes from 30 years in accounting, including a lengthy stay at Price Waterhouse. "What's more, since its overhaul with the Tax Reform Act of 1986, the AMT has grown to affect millions of taxpayers that it never was intended to reach in the first place."

Publisher of the Tax Reduction Letter every month, tax reduction expert Murray Bradford, CPA, has years of experience in developing and implementing small business tax reduction strategies. A former accountant for Price Waterhouse, Bradford is founder of several tax reduction strategy businesses. Quoted in national publications such as The Wall Street Journal and featured on national programming such as Financial News Network and CNBC, Bradford has helped more than 500,000 self-employed taxpayers realize an average of $17,700 in new tax deductions. His popular courses provide actionable small business tax advice.

The AMT, Bradford's article notes, forces taxpayers to claim as AMT income the amount they deducted for state and local income, as well as for personal exemptions such as themselves, spouse and children. Furthermore, the Tax Reform Act of 1986 caused the tax to apply to such a large number of taxpayers that lawmakers are now unable to figure out how to undo the AMT without losing an inordinate amount of necessary tax revenue, according to Bradford's article.

"While many will dogmatically argue against any kind of taxation, the AMT is one of those taxes that truly make no sense," said Bradford. "The AMT illustrates taxation at its worst, and the story of the AMT alone lends philosophical credence to broad complaints about taxes. Taxpayers, small business owners or otherwise, ought to contact their elected officials and lobby them to put an end to a tax, the AMT, that has metastasized like no other. It not only reflects in no way its original intent, but also levies upon millions punitive levels of unjust taxes."

Bradford invited taxpayers and tax professionals alike to view the Bradford Tax Institute video tutorial. Nearly 400 Tax Reduction Letter articles detailing tax reduction tips are available at the Bradford Tax Institute, with more on the way and all written in plain English for tax laypeople and annotated for savvy accounting professionals. A 7-day free trial of the Bradford Tax Institute is available, which yields full access to the last three issues of Tax Reduction Letter for a week. Readers have the choice of subscribing to the Tax Reduction Letter in order to receive access to not only the latest issue, but also all archived issues that are on the site.

Bradford noted the availability, as well, of "Tax Strategies for the Self-Employed (2009)," his annual course of tax deduction tips designed to help one-owner and husband-and-wife businesses navigate the maze of rules they must follow to properly determine and report their income. The tax reduction course reveals 171 tax lowering strategies that draw on his expertise from 30 years in accounting. Bradford's tutorial on S corporations, posted at YouTube, is one example of these. Readers may order Bradford's tax-saving course now, or they may first watch a video that shares seven free insights into reducing and audit-proofing their taxes.

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About Murray Bradford, CPA, Tax Reduction Expert
Tax reduction expert Murray Bradford, certified public accountant and publisher of the monthly Tax Reduction Letter, has years of experience in developing and implementing small business tax reduction strategies. Following nine years at Price Waterhouse, where he twice enjoyed the distinction of being selected to serve in the firm's Washington, D.C. national office, Bradford launched his tax reduction strategies businesses to focus on lowering taxes for one-owner and husband-and-wife businesses. Bradford has since helped more than 500,000 self-employed taxpayers realize an average of $17,700 in new tax deductions. His courses, including "Murray Bradford's Tax Strategies for the Self-Employed (2009)," are veritable goldmines of actionable small business tax advice. The news media regularly turn to Bradford for his tax strategy expertise, which he has shared in print publications and on radio and television programming, such as "CBS News Nightwatch," Financial News Network, KCBS, KGO-TV, KGO-radio, WFAN, WABC-TV, Fox, NPR, CNBC, The Wall Street Journal, The New York Times, Changing Times, Chicago Tribune, Money, Fortune and USA Today. A former Marine and author of several books, Bradford is an active member of the American Institute of Certified Public Accountants, the California Society of CPAs, the Minnesota Society of CPAs, and the Greater Washington, D.C. Society of CPAs.

Readers may turn to Bradford's TaxStrategies Blog and Youtube page for his latest thinking on matters tax-related.

The media may contact the following individuals:

Kelly Clark
Regional Resource Manager, Tax Reduction Letter
7 Mount Lassen Dr., Ste. C258
San Rafael, CA 94903
kclark AT bradfordandcompany DOT com
PHONE (direct): 415-446-4342
PHONE (main): 415-446-4340
FAX: 415-446-0127

Brent Skinner
President & CEO of STETrevisions
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Brent Skinner's Blog
PHONE: 617-875-4859
FAX: 866-663-6557
BrentSkinner at STETrevisions dot com
http://www.STETrevisions.com

News Media Interview Contact
Name: Barry Horton
Title: Regional Resource Manager
Group: Bradford Tax Institute
Dateline: , United States
Direct Phone: 415-446-4340
Main Phone: 415-446-4340
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