By JLP | January 5, 2006
Every year more and more taxpayers are getting slapped with the Alternative Minimum Tax. Until Congress does something about it, the problem will only get worse. The IRS now has a tool to help you find out whether or not you will be affected by the AMT. I just went through the program (we don’t owe AMT!) and found it easy to use. One thing I will point out though is that it works with the 2005 Form 1040, which is different from last year’s Form 1040.