For almost everyone involved with farm income tax, the repeal of the alternative minimum tax provision impacting deferred and installment contracts for the sale of commodities was greeted with a sigh of relief. Now, AMT has reared its head again, this time with income averaging.
"AMT And Income Averaging,"
Agricultural Law Digest: Vol. 10
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol10/iss16/1