Think You Might Be Subject to the AMT?

March 3, 2007

Find out for sure by using the IRS 2006 AMT Assistant. I used it and it works great and is very easy to use.

Here’s some other interesting articles I found regarding the AMT:

Tax Timing – Want to avoid the AMT? Make sure you time your financial decisions right [MarketWatch]

Guide to the AMT [Fairmark]

The Alternative Minimum Tax [SmartMoney]

One response to Think You Might Be Subject to the AMT?

  1. Fed up taxpayer March 23, 2007 at 1:03 pm

    The one thing we should all remember is how we got into this mess. Congress created the AMT and didn’t index the income limits. Our government inflated our currency. Yes, it is as simple as that. Inflation happens when the money supply grows faster than the supply of goods and services the money can buy. And who controls the money supply?

    So, either our legislators intended the AMT to hit the middle class eventually when they created it because they understood that governments inflate fiat currencies, or they were too incompetent to understand the very issues they were legislating.