Tag Archives: AMT

The AMT May be Unfair, But You Must Pay It

Posted on June 21, 2007 by Russ

The Tax Court looked at two cases involving the Alternative Minimum Tax (AMT) today. In both cases, the taxpayers impacted by the AMT protested that they shouldn’t have been impacted by the AMT because they either didn’t have preference items … Continue reading →

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The AMT Is Unfair, But You Still Have to Pay It

Posted on September 12, 2006 by Russ

Like clockwork, about once a month someone challenges in Tax Court the Alternative Minimum Tax. It’s unfair, it’s too complex, it’s just plain old mean…those are just some of the arguments used against the AMT. There’s jut one problem: The … Continue reading →

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The Tax Court Believes the AMT Is Unfair, But You Still Have to Pay It

Posted on April 26, 2006 by Russ

Is the Alternative Minimum Tax Unfair? Of course it is. But do you have to pay it? Certainly. And that’s the crux of today’s Tax Court case. Our unlucky petitioners earned quite a bit of money, reporting wage income of … Continue reading →

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Tax Court: The AMT Is Unfair, But You’ve Got to Pay

Posted on July 19, 2005 by Russ

The Tax Court today decided a case where the petitioner’s complain that the Alternative Minimum Tax (AMT) shouldn’t apply to them because of “equitable grounds.” The petitioners did not have any tax preference items. They aren’t the high income millionaires … Continue reading →

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