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.

Link http://grassley.senate.gov/private/upload/08292008.pdf,

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