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AMT has outlived its usefulness.


The AICPA AICPA

See American Institute of Certified Public Accountants (AICPA).
 said it backs the Alternative Minimum Tax Repeal Act of 2005 (HR 1186; http://thomas.loc.gov), a bill introduced by Rep. Phil English This article is about the U.S. congressman. For other uses, see Phil English (disambiguation).

Phillip Sheridan "Phil" English (born June 20, 1956) has served as a Republican member of the United States House of Representatives since 1995 from the U.S.
 (R-Pa.). Thomas J. Purcell III, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , chairman of the AICPA Tax Executive Committee, said that although the individual AMT See vPro.  was initially targeted to the wealthiest taxpayers, it can now affect even lower-middle-income Americans. He noted that the corporate AMT burdens struggling companies by requiring them to keep at least two sets of books and to deal with the complexities of a second tax system.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Highlights
Publication:Journal of Accountancy
Date:Aug 1, 2005
Words:90
Previous Article:Council moves ahead on private company financial reporting.(Highlights)
Next Article:AICPA supports privacy legislation.(Highlights)



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