Getting your player ready...
Conceived by Congress to prevent people with high incomes from using special tax breaks, the Alternative Minimum Tax can be perplexing in its income requirements and deduction rules.
A number of websites provide good information about the tax. A sampling:
Bankrate.com: Covers tax rates and deductions affected by the Alternative Minimum Tax.
money-guides/beware -the-complicated-and -costly-amt-1.aspx
Fairmark: Guide to AMT basics and aspects.
Internal Revenue Service: A brief overview of the AMT, with links to relevant instructions and forms.
Investorguide.com: Explains the AMT and red flags to watch for.
-alternative-minimum-tax-is-not-just-for-the -wealthy.htm
Chuck Myers, McClatchy-Tribune
Investopedia: Ways to reduce the AMT bite.
