Many Americans are afraid of the Alternative Minimum Tax while simultaneously not understanding what triggers the tax or how to calculate or prevent it. This is understandable when one considers the fact that both the purpose and selection process for AMT are among the most complex of IRS tax code. In fact, the National Taxpayer Advocate Service concluded that AMT was the biggest problem with the tax code. Fortunately, there are some very good methods for determining if you'll be subject to pay the tax.
Seeking the advice of a tax professional: If you are unsure about whether you will be subject to the AMT or how to minimize your exposure to the tax, you may want to consider seeking the advice of a tax professional. A cpa firm can help you understand your tax situation and provide guidance on how to minimize your tax liability.