[Mamzelle]

Thanks. I'm embarrassed to say I left the taxes to DH this year. He says that taxpayers are now required to to figure taxes two ways, and pay the higher. It doesn't happen to hit us...this year...

With your indulgence, I've been researching the situation of a liberal in my acquaintance, who was reimbursed in stock rather than salary a couple of years ago. (This guy has donated big sums to ACLU, Am Int'l, Planned Parenthood and various Dems whom I have opposed...). This stock has tanked. Is he in good shape with AMT, or bad? Does the ACLU get lucky next year?

[ChuxsterS]

With your indulgence, I've been researching the situation of a liberal in my acquaintance, who was reimbursed in stock rather than salary a couple of years ago.

I'm not a tax professional; I just happen to have personal experience with the AMT. I know it applies with incentive stock options (ISO's), and other special income situations, and I also know the calculations are fairly convoluted... If your friend thinks he may be subject to AMT, he should definitely consult a CPA who's up-to-speed on AMT.