Washington (March 12, 2004) -- The head of the Internal Revenue Service is reportedly among those taxpayers hit by the alternate minimum tax this year.

IRS Commissioner Mark Everson has filed his tax return and found that he'll have to pay the AMT for the first time, according to published reports. With a combination of two incomes -- Everson gets $144,600 as IRS commissioner, and his wife works at the White House Counsel's office -- two teenage children and high state and local taxes, he triggered the AMT, according to a report by Newsday.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access