Are you at risk for AMT liability?

Description

Abstract: The AMT rate is 28%, compared to the top regular income tax rate of 39.6%. But the AMT rate typically applies to a higher taxable income base. So before taking action to time income and expenses, one should determine whether he or she already is likely to be subject to the AMT — or whether the actions being considered might trigger it. This article offers suggestions for minimizing AMT liability.