So you have had your tax calculated for the year. This is what you owe, right? Maybe not; if you have certain types of income and deductions or a lot of income, you may also owe the Alternative Minimum Tax. What? You have heard of this tax but don’t know much about it. Read this post in MarketWatch from the Wall Street Journal by Bill Bischoff to add to your knowledge (and confusion):

http://www.marketwatch.com/story/congratulations-you-owe-the-alternative-minimum-tax-2014-01-14

It doesn’t appear to make too much sense to calculate your taxes, than calculate them again because you don’t owe enough. That is kind of what this tax is. Confused? Perplexed? Welcome to the club!

For financial, accounting and tax musings,