| http://www.w3.org/ns/prov#value | - The alternative minimum tax is a recapture mechanism, reclaiming tax breaks allowed by the IRS. Because there is no specific test for AMT, you must first figure your regular income tax, and then determine whether tax benefit items must be added back to your taxable income to calculate AMT. Without these items added back, some taxpayers might be able to escape income tax entirely.
|
