Our mission is to correct an injustice created by the way in which the Alternative Minimum Tax (AMT) is inappropriately and unjustly imposed upon owners of incentive stock options. Through the building of a grassroots tax reform organization we seek to urge Congress to correct this flawed tax code, which has resulted in financial devastation for taxpayers obeying this law. Congressman Sam Johnson has been a champion, friend, and ally - read his statement on ISO-AMT. Beyond correction of the law, we also seek full redress from the United States Government for those affected. More...
Welcome to ReformAMT!
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To our Champions in Congress, ReformAMT would like to express our deepest gratitude and appreciation for all that you have done for us. Your efforts have saved many families, their homes and their childrens' future.
October 3, 3:15pm (EST)
FINALLY, IT'S OVER!!!
Breaking News - The President has signed the Financial Bill with our Provision. It's law now!!!
ReformAMT would like to thank all who contributed to the effort these past 8 years. It has been a long and arduous journey. Stay tuned for more celebration and updates.
With your efforts, WE WON!!!!!
October 3, 2008 - It's finally over! Full legislative relief has passed.
Meet Angela Hartley (Rep. Duncan Hunter, R-CA-52) - Single Mother Loses Home to IRS I have been living a nightmare for the past 6 years that only gets worse as time goes on. I ended up owing over 3 times my annual income, with no way to pay it since my stock was worth far less when I sold it. The IRS will not accept less than the full amount due, with interest and penalties accruing. Under their guidelines, they have no choice but to take everything.More...
June 11, 2006 - Single Mother Loses Her Home (Rep. Duncan Hunter, R-CA-52) The IRS has forced a single mother to sell her home to pay for taxes that far exceed both her annual income and the gross proceeds of her stock. Back in April, we asked Congress to help before it was too late (Her April Letter to Congress). She has now lost her home and is still being forced to make monthly payments to the IRS. To the Honorable Members of both the House and Senate, PLEASE HELP STOP THIS NONSENSE!Read her latest letter.
May 2, 2006 - Illinois Family Loses Everything (Rep. Jesse Jackson, D-IL-2) The IRS forced a family of four out of their home this last February. Husband and Wife of 30 years, Dan and Vicki Taylor have lost everything. And, their children are suffering too. The Taylor's Son had to give up his education at a university; and the Taylor's Daughter had to move in with relatives. All of this because of a tax on NO INCOME --- a tax greater than the Taylor's net worth --- the AMT on ISOs. Read their story.To the Honorable Members of both the House and Senate, please help the Taylors and bring their family back together.
April 27, 2006 - Another Urgent Plea to Congress - Please Help!!! (Rep. Melissa Bean, D-IL-8) Another Illinois Family is about to lose their home. The IRS is about to force another family out of their home because of tax on NO INCOME. Read their story.To the Honorable Members of both the House and Senate, like Angela (see above), you are the Pritchett's last hope.
New bill HR 3385 is introduced to refund AMT credits. Visit Honorable Sam Johnson's website. Read the Coalition for Tax Fairness press release. (July 21, 2005)
Nice turnout of testimonies from ReformAMT members to the President's Advisory Panel on Federal Tax Reform! (July 11, 2005)
President Bush's Tax Reform Panel: You, our members, account for over half of the AMT submissions to the panel, keep them coming. You hail from: AZ, CA, CO, CT, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, NC, NH, NJ, NM, NV, NY, OH, OR, PA, RI, TN, TX, UT, VA, WA, WI, and Canada plus submissions from ReformAMT, CTF and others.
Sample submissions by organizations (Updated Nov 1, 2005)
San Diego Fox Channel 6 ISO AMT Video (March 22, 2005)
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Ways and Means Select Revenue Measure Testimony (Dec 14, 2004). Click here Congressman Jim McCrery Announces Hearing on Select Tax Issues (Sept 23, 2004). Click here Congresswoman Zoe Lofgren's testimony on AMT (Sept 23, 2004). Click here Congressman Mike Honda's testimony on AMT (Sept 23, 2004). Click here Congressman Duke Cunningham's testimony on AMT (Sept 29, 2004). Click here ReformAMT's thank-you letter to our Congress Representatives (Dec 7, 2004).
Senator Grassley and Senator Baucus Continue to Work on Offer-in-Compromise Program (Dec 14, 2004). Click here Senators' letter to the US Treasury (Sept 3, 2004). Click here ReformAMT's thank-you letter to the Senators (Oct 25, 2004). Click here IRS response to Senate Finance Committee September letter (Oct 28, 2004). Click here Senators' calling for an investigation of the OIC program (Nov 30, 2004).
A Trip Down Memory Lane ... June 18, 2001, Congress Heard Us! Town Hall Meeting with Representatives Robert Matsui, Zoe Lofgren a success!
The office of Representative Zoe Lofgren organized a Town Hall Meeting on Monday, June 18. Representative Robert Matsui, a member of the House Ways and Means Committee as well as an original cosponsor of H.R. 1487, graciously made the trip from Sacramento. Nearly 300 people attended, and the Representatives were deeply moved by the dozens of stories they heard. (See
another photo from the rally.)
