Not again

[ILLMAS]

http://money.cnn.com/2012/12/19/pf/taxes/fiscal-cliff-amt/index.html?hpt=hp_t1

[joanmcq]

I'm already telling people that filing season could be delayed; heck I got an email from ATX today about how they don't have even the 1040 yet.

[TaxMan60601]

ha-ha-ha-ha :-) ....

unbelievable!

Two questions just come up to me out of all this, straight away.

1. I am in this area since 2004, so can anyone advise about such similar "pleasant events" in the past?

I am just curious ... don't want to provoke any hot disputes here and now.

2. Can anyone post a correct link (if applicable) where all these bills (or at least re AMT) can be seen?

Thank you.

[kcjenkins]

Senate Won’t Consider Stand-Alone AMT Fix, Reid Says

http://www.businessweek.com/news/2012-12-13/senate-won-t-consider-stand-alone-amt-fix-reid-says

Senate Proposals to Extend the 2001-2010 Tax Cuts

http://www.taxpolicycenter.org/taxtopics/Senate-Tax-Cut-Extension-Bills.cfm

http://www.cch.com/wbot2012/016AMT.asp

http://www.mystockoptions.com/faq/index.cfm/catID/DFE2FBA7-9773-4AE3-BBE66CABB4CE79B8/objectID/D943A51D-30A9-11D4-B9080008C79F9E62

[TaxMan60601]

woooohoooo ....

marvellous!

http://www.taxpolicy...nsion-Bills.cfm

http://www.cch.com/wbot2012/016AMT.asp

liked these two, so going to read them now ...

cya

[JohnH]

Doesn't it just give you a warm, fuzzy feeling to know we're all just pawns being moved around on the Washington Chess Board? I'm more and more in favor of term limits for all politicians - one term in office followed by one term in prison.

[Randall]

I saw this coming two years ago. I wondered why they didn't extend the extenders three years so everything was synced to the same expiration date, 12/31/12. Oh well.

[joanmcq]

Ever since the Bush cuts/credits existed, we've been going through this every year, because ALL of them were all made temporary (some for only a year or two, like the sales tax deduction). We used to only have to deal with the AMT patches on a regular basis. The only year that was fairly easy was 2011; since everything had been extended for two years.

[JohnH]

I think they stopped being the Bush tax cuts the first time President Obama agreed to extend any of them. Thereafter, they were properly known as the Bush-Obama tax cuts.

Depending upon what happens next, though, they will forever be known as the Obama tax increases after he signs the legislation. (or even if he doesn't sign anything)

[joanmcq]

They were the Bush cuts back in 2002 when the decision was to make them temporary to obfuscate the effects on the budget. And they've been a mess ever since.

[JohnH]

Yep, they really pulled the wool over everybody's eyes - Bush and Obama signed those tax bills just to make a mess of things.

[taxxcpa]

They were the Bush cuts back in 2002 when the decision was to make them temporary to obfuscate the effects on the budget. And they've been a mess ever since.

Eschew obfuscation!!

[JohnH]

I abhor obfuscation