Re: 2005 AMT Change Question

In article <LKRxf.179$_c.65@xxxxxxxxxxxxxxxxxxxxxxx>,
Richard Macdonald <ramcpaea@xxxxxxxxxxxxxxx> wrote:
><KEBSCHULLW@xxxxxxx> wrote in message
>> Richard Macdonald wrote:
>>> <KEBSCHULLW@xxxxxxx> wrote in message
>Yes and in years in which the regular tax exceeded the TAMT, it is regular
>tax + 0 = regular tax which is still greater that TAMT, ergo, TAMT was paid
>by the regular tax.
>> It is right there on Page 2 of Form 1040.

The IRS chose to confuse the understanding of AMT here.

Form 1040 Line 44 is Tax
Line 45 is Alternative Minimum tax
Line 46 Add lines 44 and 45

So many people who read that Line 45 is AMT, believe Line 45 is AMT.

It is the difference between the AMT and regualr tax, but not less
than zero. It is the amount necesary to add to regular tax to
arrive at AMT.

Art Kamlet ArtKamlet @ Columbus OH K2PZH