IRS Suspends ISO AMT Through September 30th
The IRS announced last week that they would suspend collection of the Alternative Minimum Tax (AMT) on incentive stock options (ISOs) through September 30th. Senator Charles Grassley (R-IA) believes that legislation will clear Congress by month-end to reduce the tax burden on Americans impacted by the ISO AMT.
Personally, I remain very skeptical about any meaningful legislation getting through Congress. However, I sure hope it does pass as the ISO AMT is an insidious tax.
Hat Tip: TaxProf Blog
Personally, I remain very skeptical about any meaningful legislation getting through Congress. However, I sure hope it does pass as the ISO AMT is an insidious tax.
Hat Tip: TaxProf Blog