Subject: AMT - form8801 line 26 = $250,838 Comment: IRS form 8801 line 26 Minimum tax credit carryforward to (next year) 2001 - $266,512 2002 - $269,221 2003 - $256,942 2004 - $250,838 The IRS has had a quarter of a million dollars of my money for four years and at the rate they are returning it to I will need to live to be 90 years old to see it all again. If I die I cannot pass this to my survivors. Please tell me that the purpose of the AMT was not to have taxpayers pre-pay a lifetimes worth of taxes. Of course you realize that this $250K is earning me $0 while in the hands of the IRS. Since losing my job 2 years ago I have often thought that I could use this $250K (my money) more than the IRS. Please right this wrong! |