Alternative minimum tax (English Wikipedia)

Calculating the Alternative Minimum Tax Congressional Budget Office Economics and Budget Issue Brief, 2010, page 2. See Willis & Hoffman (2009) page __, and Pratt & Kulsrud (2010) Chapter 13, both cited in “Further reading” section.
Congressional Budget Office report.
"The Alternative Minimum Tax". cbo.gov. April 15, 2004.
"What Is a Current-Law Economic Baseline?". cbo.gov. June 2, 2005.
The Individual Alternative Minimum Tax, Congressional Budget Office, Economic and Budget Issue Brief, 2010, page 6. Retrieved December 12, 2010.

cbpp.org

Aviva Aron-Dine (February 14, 2007). "Myths and Realities about the Alternative Minimum Tax". Center on Budgetary and Policy Priorities. Archived from the original on June 27, 2007. Retrieved May 30, 2007. (see myth 1)
Aviva Aron-Dine (February 14, 2007). "Myths and Realities about the Alternative Minimum Tax". Center on Budgetary and Policy Priorities. Archived from the original on June 27, 2007. Retrieved May 30, 2007. (see myth 3)

census.gov

factfinder.census.gov

"2005–2007 American Community Survey 3-Year Estimate – Fairfax County, Virginia". US Census Bureau. 2008. Archived from the original on January 4, 2015. Retrieved September 24, 2008.
"2005–2007 American Community Survey 3-Year Estimate – San Jose, CA". US Census Bureau. 2008. Archived from the original on February 11, 2020. Retrieved September 24, 2008.

cnn.com

money.cnn.com

Schwartz, Shelley K. (April 10, 2001). "Stock option tax hit takes its toll - Apr. 10, 2001". CNN. Archived from the original on April 24, 2018. Retrieved September 10, 2019.

cornell.edu

law.cornell.edu

26 USC 55. Also see IRS Form 6251 (individuals) and Form 4626 Archived July 28, 2018, at the Wayback Machine (corporations).
26 USC 56(b).
26 USC 56(b). For a table of AMT Adjustments, see, e.g., Pratt & Kulsrud (2006) page 13-9.
26 USC 56 and 26 USC 57.
26 USC 55(c).
26 USC 702(a)(7) providing for 26 CFR 1.58-2(b) Archived June 12, 2011, at the Wayback Machine.
26 USC 1366 and for 26 CFR 1.58-4 Archived June 12, 2011, at the Wayback Machine.
26 USC 59(a).
26 USC 38(c). These credits include the credits for alcohol used as fuel, low income housing, work opportunity, empowerment zone, renewable electricity, FICA tip, rehabilitation, and energy.
26 USC 55(e).
26 USC 1561(a)(3).
The AMT is prescribed in 26 USC 55 through 59 and 26 CFR 1.55-1 through 1.59-1. The IRS has not issued a publication on alternative minimum tax, but provides details in instructions to individual Form 6251 and corporate Form 4626. The IRS also has a web-based calculator, Alternative Minimum Tax (AMT) Assistant for Individuals Archived August 28, 2012, at the Wayback Machine, available for recent tax years.
26 USC 55(a).
26 USC 701, 26 USC 1363(a). Note: An S corporation may be subject to tax on "built-in gains" if it was converted from a C corporation.
26 USC 702, 26 USC 1366.
Under 26 USC 871 and 26 USC 881, foreign persons are subject to a flat rate of tax of 30% of gross income, without allowance of any deductions, subject to reduction under tax treaties. Income taxed under these sections is excluded from the normal definition of gross income, and thus from AMT. See 26 USC 872 and 26 USC 882. 26 USC 882 explicitly makes reference to 26 USC 55.
26 USC 55(b).
26 USC 55(d).
26 USC 56(a)(1).
26 USC 56(a)(6).
26 USC 56(g).
26 USC 56(a)(3).
26 USC 56(a)(2).
26 USC 56(a)(5).
26 USC 56(a)(7).
26 USC 56(b)(1)(B).
26 USC 56(b)(1)(C) and 26 USC 56(e).
26 USC 56(b)(3).
26 USC 56(b)(2).
26 USC 56(a)(4).
26 USC 58.
26 USC 57.
26 USC 59.
26 USC 38(c)(4).
26 USC 53.

fairmark.com

Kaye A. Thomas. "Alternative Minimum Tax 101". Archived from the original on January 21, 2009. Retrieved January 15, 2009.

federalregister.gov

[2] The IRS projects that AMT filings will also shrink 90%, from 10 million in 2017 to 1 million or fewer in 2018. [3].

fool.com

CFP, Matthew Frankel (December 15, 2018). "Your 2019 Guide to the Alternative Minimum Tax". The Motley Fool. Retrieved September 5, 2019.

forbes.com

Nitti, Tony (March 12, 2013). "Tax Aspects Of Paul Ryan's FY 2014 Republican Budget Proposal". Forbes. Retrieved November 17, 2013.

gpoaccess.gov

ecfr.gpoaccess.gov

26 USC 702(a)(7) providing for 26 CFR 1.58-2(b) Archived June 12, 2011, at the Wayback Machine.
26 USC 1366 and for 26 CFR 1.58-4 Archived June 12, 2011, at the Wayback Machine.

home.kpmg

"Rev. Proc. 2018-22: AMT phaseout threshold amount for estates, trusts - KPMG United States". KPMG. October 8, 2018. Retrieved September 5, 2019.

house.gov

waysandmeans.house.gov

"Statement of Alan Viard, American Enterprise Institute. Testimony Before the Subcommittee on Select Revenue Measures of the House Committee on Ways and Means, March 07, 2007". Archived from the original on January 3, 2009. Retrieved January 11, 2009.

intuit.com

turbotax.intuit.com

Tax, TurboTax – Taxes, Income. "Alternative Minimum Tax: Common Questions".{{cite web}}: CS1 maint: multiple names: authors list (link)

irs.gov

26 USC 55. Also see IRS Form 6251 (individuals) and Form 4626 Archived July 28, 2018, at the Wayback Machine (corporations).
The AMT is prescribed in 26 USC 55 through 59 and 26 CFR 1.55-1 through 1.59-1. The IRS has not issued a publication on alternative minimum tax, but provides details in instructions to individual Form 6251 and corporate Form 4626. The IRS also has a web-based calculator, Alternative Minimum Tax (AMT) Assistant for Individuals Archived August 28, 2012, at the Wayback Machine, available for recent tax years.
IRS 2010 Fall Statistics on Income Bulletin, page 49. Also see page 53 for certain totals.
"National Taxpayer Advocate 2006 Annual Report to Congress-Executive Summary" (PDF). Internal Revenue Service. Archived (PDF) from the original on June 25, 2008. Retrieved July 22, 2008.
"IRS.gov 404 Error Page" (PDF). Archived from the original (PDF) on June 14, 2007. Retrieved August 10, 2017.
"National Taxpayer Advocate 2006 Report to Congress" (PDF). Archived (PDF) from the original on June 14, 2007. Retrieved May 30, 2007.
"Instructions for Form 6251" (PDF). irs.gov. Retrieved June 16, 2023.
"Federal Income Tax Table (with Rate Schedule on last page)" (PDF). Archived (PDF) from the original on February 24, 2009. Retrieved February 27, 2009.

taxpayeradvocate.irs.gov

"Repeal the AMT". taxpayeradvocate.irs.gov. Archived from the original on January 12, 2019. Retrieved October 12, 2019.
"Archived copy" (PDF). Archived from the original (PDF) on May 20, 2020. Retrieved October 12, 2019.{{cite web}}: CS1 maint: archived copy as title (link)

jct.gov

"JCT Publications 2007". Archived from the original on December 2, 2010. Retrieved November 29, 2010.
"Present Law and Background Relating to the Individual Alternative Minimum Tax" (PDF). May 20, 2005. p. 8. Archived (PDF) from the original on September 6, 2009. Retrieved September 4, 2009.

kitces.com

"Final GOP Tax Plan Summary: Tax Strategies Under TCJA 2017". Nerd's Eye View | Kitces.com. December 18, 2017. Retrieved September 10, 2019.

mainstreet.com

"Daily Deduction: Unraveling the Alternative Minimum Tax". Archived from the original on July 6, 2012. Retrieved November 17, 2013.

money-zine.com

"Alternative Minimum Tax (AMT) in 2018 and 2019". www.money-zine.com. Retrieved September 5, 2019.

ntu.org

"The Individual Alternative Minimum Tax: No Alternative But Repeal". Archived from the original on May 23, 2007. Retrieved June 27, 2007.

nytimes.com

Herszenhorn, David M. (December 20, 2007). "Congress Averts Higher Tax Bill for Middle Class". The New York Times. Retrieved April 23, 2010.
Johnston, David Cay (March 4, 2007). "The Untaxed Rich, Found and Then Lost". The New York Times. Retrieved September 21, 2009.

openlibrary.org

General explanation of the Tax reform act of 1969, H.R. 13270, 91st Congress, Public Law 91-172. Washington: U.S. Government Printing Office. December 3, 1970. p. 105. OL 5739112M.

salon.com

archive.salon.com

"Death to the AMT!". Archived from the original on February 24, 2009. Retrieved April 15, 2008.

taxfoundation.org

"Backgrounder on the Individual Alternative Minimum Tax (AMT)". Tax Foundation. May 24, 2005. Archived from the original on July 18, 2019. Retrieved September 10, 2019.
Eastman, Scott (April 4, 2019). "Alternative Minimum Tax Still Burdens Taxpayers with Compliance Costs". Tax Foundation. Archived from the original on September 10, 2019. Retrieved September 10, 2019.
"Fixing the Alternative Minimum Tax". May 17, 2007. Archived (PDF) from the original on August 10, 2007. Retrieved June 27, 2007.

taxpolicycenter.org

"How much revenue does the AMT raise?". Tax Policy Center. Retrieved September 5, 2019.
"Who pays the AMT?". Tax Policy Center. Retrieved September 5, 2019.
"The Tax Cuts And Jobs Act And The Zombie AMT". Tax Policy Center. October 2, 2018. Retrieved September 10, 2019.
"Most AMT Taxpayers Paid Lower Taxes After TCJA, Despite SALT Cap". Tax Policy Center. July 10, 2019. Retrieved September 10, 2019.
[1] Note that projections for 2018 and beyond were made before the Tax Cut and Jobs Act was passed in December 2017.
"The Tax Cuts And Jobs Act And The Zombie AMT". Tax Policy Center. October 2, 2018. Retrieved September 5, 2019.
[2] The IRS projects that AMT filings will also shrink 90%, from 10 million in 2017 to 1 million or fewer in 2018. [3].
[4] Archived October 20, 2012, at the Wayback Machine, AMT capital gains rate is 15%, but due to the inclusion of capital gains in AMT income, capital gains may reduce the AMT exemption, which can result in the effective capital gains rate rising as high as 22% depending on income
"Options to Fix the AMT". January 19, 2007. Archived from the original on November 30, 2010. Retrieved November 29, 2010.
"The AMT: Projections and Problems". Archived from the original on November 30, 2010. Retrieved November 29, 2010.
"Statistics".
TPC Tax Topics Archive: The Individual Alternative Minimum Tax (AMT): 11 Key Facts and Projections Archived May 2, 2007, at the Wayback Machine
Kim Reuben (May 15, 2008). "The impact of repealing state and local tax deductibility" (PDF). Tax Analysts / Tax Policy Center. Archived (PDF) from the original on October 10, 2009. Retrieved September 6, 2009.
"Alternative minimum tax (AMT)". taxpolicycenter.org.
Leiserson, Greg (2008). "The Individual Alternative Minimum Tax: Historical Data and Projections" (PDF). Brookings Institution & Urban Institute. Archived (PDF) from the original on September 10, 2008. Retrieved July 29, 2008.
"The Expanding Reach of the Individual Alternative Minimum Tax" (PDF). May 31, 2005. Archived (PDF) from the original on February 26, 2009. Retrieved February 27, 2009.
"A Simple, Progressive Replacement for the AMT". Archived from the original on June 3, 2007. Retrieved June 27, 2007.

taxreformpanel.gov

"A Fair and Balanced Tax System for the 21st Century". Archived from the original on January 9, 2009. Retrieved January 10, 2009.

thetaxadviser.com

"Income taxation of trusts and estates after tax reform". The Tax Adviser. May 1, 2018. Retrieved September 5, 2019.

time.com

business.time.com

Kadlec, Dan. "At Long Last, a Permanent Patch for a Dreaded Tax". Time. ISSN 0040-781X. Retrieved September 5, 2019.

treasury.gov

Tax Reform for Fairness, Simplicity, and Economic Growth: The Treasury Department Report to the President. Volume 2: General Explanation of the Treasury Department Proposals. Office of the Secretary, Department of the Treasury. November 1984. p. 62. Archived from the original on June 30, 2011. Retrieved January 31, 2011.

washingtonpost.com

Weisman, Jonathan (March 7, 2004). "Falling Into Alternative Minimum Trouble". The Washington Post. Retrieved April 23, 2010.

web.archive.org

[4] Archived October 20, 2012, at the Wayback Machine, AMT capital gains rate is 15%, but due to the inclusion of capital gains in AMT income, capital gains may reduce the AMT exemption, which can result in the effective capital gains rate rising as high as 22% depending on income
26 USC 55. Also see IRS Form 6251 (individuals) and Form 4626 Archived July 28, 2018, at the Wayback Machine (corporations).
26 USC 702(a)(7) providing for 26 CFR 1.58-2(b) Archived June 12, 2011, at the Wayback Machine.
26 USC 1366 and for 26 CFR 1.58-4 Archived June 12, 2011, at the Wayback Machine.
"Backgrounder on the Individual Alternative Minimum Tax (AMT)". Tax Foundation. May 24, 2005. Archived from the original on July 18, 2019. Retrieved September 10, 2019.
Eastman, Scott (April 4, 2019). "Alternative Minimum Tax Still Burdens Taxpayers with Compliance Costs". Tax Foundation. Archived from the original on September 10, 2019. Retrieved September 10, 2019.
"JCT Publications 2007". Archived from the original on December 2, 2010. Retrieved November 29, 2010.
"Present Law and Background Relating to the Individual Alternative Minimum Tax" (PDF). May 20, 2005. p. 8. Archived (PDF) from the original on September 6, 2009. Retrieved September 4, 2009.
Kaye A. Thomas. "Alternative Minimum Tax 101". Archived from the original on January 21, 2009. Retrieved January 15, 2009.
The AMT is prescribed in 26 USC 55 through 59 and 26 CFR 1.55-1 through 1.59-1. The IRS has not issued a publication on alternative minimum tax, but provides details in instructions to individual Form 6251 and corporate Form 4626. The IRS also has a web-based calculator, Alternative Minimum Tax (AMT) Assistant for Individuals Archived August 28, 2012, at the Wayback Machine, available for recent tax years.
Schwartz, Shelley K. (April 10, 2001). "Stock option tax hit takes its toll - Apr. 10, 2001". CNN. Archived from the original on April 24, 2018. Retrieved September 10, 2019.
"Options to Fix the AMT". January 19, 2007. Archived from the original on November 30, 2010. Retrieved November 29, 2010.
"The AMT: Projections and Problems". Archived from the original on November 30, 2010. Retrieved November 29, 2010.
TPC Tax Topics Archive: The Individual Alternative Minimum Tax (AMT): 11 Key Facts and Projections Archived May 2, 2007, at the Wayback Machine
"Statement of Alan Viard, American Enterprise Institute. Testimony Before the Subcommittee on Select Revenue Measures of the House Committee on Ways and Means, March 07, 2007". Archived from the original on January 3, 2009. Retrieved January 11, 2009.
"National Taxpayer Advocate 2006 Annual Report to Congress-Executive Summary" (PDF). Internal Revenue Service. Archived (PDF) from the original on June 25, 2008. Retrieved July 22, 2008.
"Repeal the AMT". taxpayeradvocate.irs.gov. Archived from the original on January 12, 2019. Retrieved October 12, 2019.
"Archived copy" (PDF). Archived from the original (PDF) on May 20, 2020. Retrieved October 12, 2019.{{cite web}}: CS1 maint: archived copy as title (link)
"IRS.gov 404 Error Page" (PDF). Archived from the original (PDF) on June 14, 2007. Retrieved August 10, 2017.
Kim Reuben (May 15, 2008). "The impact of repealing state and local tax deductibility" (PDF). Tax Analysts / Tax Policy Center. Archived (PDF) from the original on October 10, 2009. Retrieved September 6, 2009.
"Daily Deduction: Unraveling the Alternative Minimum Tax". Archived from the original on July 6, 2012. Retrieved November 17, 2013.
"Death to the AMT!". Archived from the original on February 24, 2009. Retrieved April 15, 2008.
"National Taxpayer Advocate 2006 Report to Congress" (PDF). Archived (PDF) from the original on June 14, 2007. Retrieved May 30, 2007.
Leiserson, Greg (2008). "The Individual Alternative Minimum Tax: Historical Data and Projections" (PDF). Brookings Institution & Urban Institute. Archived (PDF) from the original on September 10, 2008. Retrieved July 29, 2008.
Tax Reform for Fairness, Simplicity, and Economic Growth: The Treasury Department Report to the President. Volume 2: General Explanation of the Treasury Department Proposals. Office of the Secretary, Department of the Treasury. November 1984. p. 62. Archived from the original on June 30, 2011. Retrieved January 31, 2011.
"The Expanding Reach of the Individual Alternative Minimum Tax" (PDF). May 31, 2005. Archived (PDF) from the original on February 26, 2009. Retrieved February 27, 2009.
"Federal Income Tax Table (with Rate Schedule on last page)" (PDF). Archived (PDF) from the original on February 24, 2009. Retrieved February 27, 2009.
Aviva Aron-Dine (February 14, 2007). "Myths and Realities about the Alternative Minimum Tax". Center on Budgetary and Policy Priorities. Archived from the original on June 27, 2007. Retrieved May 30, 2007. (see myth 1)
Aviva Aron-Dine (February 14, 2007). "Myths and Realities about the Alternative Minimum Tax". Center on Budgetary and Policy Priorities. Archived from the original on June 27, 2007. Retrieved May 30, 2007. (see myth 3)
"A Simple, Progressive Replacement for the AMT". Archived from the original on June 3, 2007. Retrieved June 27, 2007.
"The Alternative Minimum Tax: Repeal, Not Reform" (PDF). Archived (PDF) from the original on June 12, 2007. Retrieved June 27, 2007.
"The Individual Alternative Minimum Tax: No Alternative But Repeal". Archived from the original on May 23, 2007. Retrieved June 27, 2007.
"Fixing the Alternative Minimum Tax". May 17, 2007. Archived (PDF) from the original on August 10, 2007. Retrieved June 27, 2007.
"A Fair and Balanced Tax System for the 21st Century". Archived from the original on January 9, 2009. Retrieved January 10, 2009.

worldcat.org

search.worldcat.org

Kadlec, Dan. "At Long Last, a Permanent Patch for a Dreaded Tax". Time. ISSN 0040-781X. Retrieved September 5, 2019.