AMT: Is it Necessary?
The Alternative Minimum Tax (“AMT”) presents hardships to the practitioner as well as the taxpayer who prepares his own return by, as its name implies, imposing a second tax calculation mechanism on...
View ArticleThe Buffett Rule, AMT, and Tax Reform
Why would the President, in this sluggish economic environment, add huge tax complications just for temporary items? Bowles-Simpson, published nearly a year ago, urged Congress to consider revisions...
View ArticleAMT: Is It Necessary?
The IRS is reminding taxpayers and Congress alike that if the annual “AMT patch” isn’t renewed before the end of the year, millions of taxpayers (28 million) would be on the hook for thousands more...
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