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Wednesday, November 14, 2012

IRS Warns AMT Could Affect 60 Million Taxpayers Unless Patched

WASHINGTON, D.C. (NOVEMBER 13, 2012) BY MICHAEL COHN The head of the Internal Revenue Service told lawmakers that if Congress fails to extend the traditional patch for the Alternative Minimum Tax, approximately 60 million Americans could be affected and about 33 million taxpayers could pay the AMT for tax year 2012.

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