Do I have to pay the Alternative Minimum Tax?
One of the things you are going to find when you're filling out the tax return is a note that says Alternative Minimum Tax. It's a form that needs to be filled out. To try to tell you what is the Alternative Minimum Tax or when do you become subject to the Alternative Minimum Tax is way too complex for this short time span that we have. If you think you might be subject to the Alternative Minimum Tax, you definitely need to seek the help of a professional. If you don't do it and you think you may be subject to it, and the tax program that you're using doesn't tell you to be concerned with this tax, you'll probably get a letter from the IRS saying you were subject to the Alternative Minimum Tax and you owe us some more money. It's one of those things that you can't really avoid. If you're subject to Alternative Minimum Tax, you're subject to it. It's one of those things that you really don't know whether you're subject to until you finish the tax return. It's hard to plan for it, but bear in mind that it's out there and it could bite you.
