The Tax Practice is a tax services and investment advisory company serving the needs of individuals, small businesses, estates, and trusts. The firm occupies a unique niche by offering tax and financial planning services with integrated portfolio management. We currently support clients in nine states, the Middle East, Europe, and Asia.

Our Web site is organized to introduce you to our firm and professional services we provide. Newsletters, FAQs, organizers and investment pages are offered for educational purposes.

2007 AMT tax "patch". December 20th update:

The Senate and House passed the "AMT Patch" for 2007 with no offsetting tax increases. The legislation increases the AMT exemption to $66,250 for a joint return and $44,350 for single filers. The amounts were $62,550 and $42,500 for 2006. If Congress had failed to pass a "patch," the exemptions would have reverted to $45,000 for joint returns and $33,750 for singles, adding an estimated 22 million additional taxpayers to the AMT rolls.

As the patch only covers 2007, it kicks the problem into 2008 - an election year. More fun awaits.

New tax leglislation! Tax relief is available in 2007 for dot.com employees saddled with unrecovered AMT tax credits. See our tax tips for details.

The Tax Practice, Inc. is a Registered Investment Advisor licensed by the Securities Exchange Commission; Asset Custodian Fidelity Institutional Brokerage Group. Details of our investment management/planning services and related disclosures are provided in The Tax Practice Inc Form ADV Part I and Part II. Advisory services are offered pursuant to an investment management advisory agreement. Lower fees for comparable services may be available from other sources. Prior investment results may not be indicative of future performance. The Securities Investor Protection Corporation (SIPC) does not protect against a decline in the market value of securities. These statements have not been approved or verified by any governmental authority.