Eight Things for you to remember:

• Your AMT will be increased by tax-exempt interest on some qualified private activity bonds.
• 7% of the excluded gain of small business stock quality for the 50% or 60% exclusion is an AMT preference item.
• consider increasing your income for the year by prepaying salary of your own business, or getting payments from clients.
• Check your income and expenses to determine whether to postpone or accelerate income
• Providing you find that you will be subject to AMT in a current year, you can subject additional income in that year to the 26% or 28% AMT tax rate. Consider accelerating the receipt of income to that year.
• The AMT takes back some of the tax breaks allowed for regular tax purposes.
• No tests determine whether or not you are liable for AMT.
• AMT adjustments and preferences are added back to regular taxable