Some AMT forms delayed

Cannon Air Force Base The Internal Revenue Service announced that the upcoming tax season is expected to start on time for everyone except certain taxpayers potentially affected by late enactment of the Alternative Minimum Tax AMT “patch” passed in late December by Congress. The February delay caused by the AMT patch will affect taxpayers using […]

Permanent fix needed to right unfair tax law

By Freedom New Mexico Before adjourning for the holidays, Congress finally approved yet another one-year fix to the unconscionable Alternative Minimum Tax. Otherwise it would have forced some 20 million middle-class Americans to do more complex calculations and pay higher taxes. Too bad Congress didn’t just repeal this unjustified tax. A brief history: Back in […]

Alternative tax problem needs permanent fix

By Freedom Newspapers According to the New York Times, “House Democratic leaders, in an effort to upstage Republicans on the issue of tax cuts, are preparing legislation that would permanently shield all but the very richest taxpayers from the alternative minimum tax, which is likely to affect tens of millions of families as early as […]