IRS to Suspend Collection Activities Regarding ISO AMT Liabilities

In a letter to Senator Grassley from Commissioner Shulman, the IRS states that, in order to allow Congress an opportunity to enact pending legislation on the issue, the IRS will not undertake any collection enforcement action through the end of this fiscal year on ISO AMT cases.

Document Excerpt

Thank you for your letter dated July 3, 2008, signed by you and your collegues, concerning alternative minimum tax arising from the exercise of incentive stock options.


About Us

Benefits Forward is a news site for professionals in the field of employee benefits. Our goal is to provide the latest information about the benefits field and to host a community discussion regarding related issues.

Seminars, Conferences & Other Events

  • Sorry, there are no articles in this category.

Need Help Correcting Plan Errors?

Contact us for either consultation on how you can Self Correct or to propose cost effective correction methods using VCP. Or contact us to submit under VCP on your behalf or on behalf of your client. Contact us by email.