Tax Court: The AMT Is Unfair, But You’ve Got to Pay
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...
View ArticleThe Tax Court Believes the AMT Is Unfair, But You Still Have to Pay It
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,...
View ArticleThe AMT Is Unfair, But You Still Have to Pay It
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...
View ArticleThe AMT May be Unfair, But You Must Pay It
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...
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