In three articles during 1996 we examined in some detail the potential liability for alternative minimum tax for deferred payment sales and installment sales of farm commodities. Under pressure from Congress, taxpayers and practitioners, the Internal Revenue Service on January 28, 1997 announced transitional relief through 1996.
"The Latest on AMT and Commodity Sales,"
Agricultural Law Digest: Vol. 8
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol8/iss4/1