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Tax Guide for Investors: Guide to Alternative Minimum Tax (AMT) URL: http://fairmark.com/amt/ Description: Plain-language guide to the alternative minimum tax (AMT), which is "an extra tax some people have to pay on top of the regular income tax. The original idea ... was to prevent people with very high incomes from using special tax benefits to pay little or no tax." Discusses items that can cause AMT liability, claiming AMT credit, and related topics. From a tax lawyer and author of books and training materials on investment-related tax topics. Author: Thomas, Kaye A. Library of Congress Subject Headings: Alternative minimum tax Income tax -- United States Investments LII Database Information: Record 20107 created by Jennifer English on 12/19/2005 Last modification on 03/22/2007 Last review by Tom McGibney on 12/29/2005 Published: 12/22/2005 Funding agency: California State Library LII Item ID: http://lii.org/cs/lii/view/item/20107 |