- 5 - Petitioner provides no authority to support his position. His arguments are based on criticisms of the AMT in newspaper articles and his misreading of Internal Revenue Service Publication 17, Your Federal Income Tax. These are not authoritative sources of Federal tax law. See Zimmerman v. Commissioner, 71 T.C. 367, 371 (1978), affd. without published opinion 614 F.2d 1294 (2d Cir. 1979). Furthermore, petitioner’s arguments have been previously rejected by this Court. As set forth in the statute, the AMT does apply to lower-income taxpayers, not just the wealthy. See Katz v. Commissioner, T.C. Memo. 2004-97; Prosman v. Commissioner, T.C. Memo. 1999-87. Although tax preferences play a part in the computation of the AMT, a taxpayer may still be liable for the AMT even if he claimed no tax preferences. Huntsberry v. Commissioner, 83 T.C. 742, 744 (1984). We are not unsympathetic to petitioner’s concerns about the AMT’s reach. This Court has stated: The unfortunate consequences of the AMT in various circumstances have been litigated since shortly after the adoption of the AMT. In many different contexts, literal application of the AMT has led to a perceived hardship, but challenges based on equity have been uniformly rejected. [Citations omitted.] Speltz v. Commissioner, 124 T.C. 165, 176 (2005), affd. 454 F.3d 782 (8th Cir. 2006). Congress enacted the AMT provisions, and wePage: Previous 1 2 3 4 5 6 7 NextLast modified: November 10, 2007