The Truth about the Alt Min Tax

From Reason: The Alternative Minimum Tax was created in 1969 to prevent 155 extremely wealthy taxpayers from using deductions and credits to avoid paying any federal income taxes. Yet as Reason columnist and Mercatus Center…

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Democrats and Republicans Pledge AMT Fix

Jeanne Sahadi of CNN Money reports that congressional Democrats and Republicans are working on a bill that will provide taxpayers with relief from the pernicious Alternative Minimum Tax: More than 20 million taxpayers are at…

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AMT Changes for 2008 and 2009

The IRS posted on its website yesterday a complete breakdown of the changes in the Alternative Mininmum Tax for tax years 2008 and 2009. I have republished it here in its entirety: 2008 Changes The…

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House Approves Stimulus Bill, But Where is AMT Fix?

USA-Tax-News.Com reported today that,   Senator Chuck Grassley, ranking Republican on the Senate Finance Committee, has criticized the version of the economic recovery legislation released by the House Ways and Means Committee last week for…

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ReformAMT Group Wins, Gets Stock Option AMT Relief included in Bailout Bill

Here is the headline that ReformAMT ran the day President Bush signed into law the Emergency Economic Stabilization Act of 2008: OCTOBER 3, 3:15pm (EST) FINALLY, IT’S OVER!!! And this is from the Wall Street Journal’s…

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