Search Help

Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
May 2012

Word Count:



W-2 Mortgage Loan Officer Avoids AMT with Employee Business Expense Deductions on Schedule C

Dean Cibotti worked as a commission-only mortgage loan officer, for which Liberty Trust Mortgage Inc. paid him as a W-2 employee.


Mr. Cibotti noted that the W-2 category caused him to pay the AMT, so he deducted his business expenses on Schedule C.


AMT Unfairness


To understand how the AMT can work against a mortgage loan officer, imagine that the mortgage loan officer



earns $200,000, and


incurs $125,000 of business expenses.


Your financial training says that the mortgage loan officer has a net income of $75,000. ... Log in to view full article.

Log in to view full article
Already a subscriber?
Email Address


Log In

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
with a money-back guarantee