Mistakes You Can’t Afford to Make with Stock Options
We've got to get this AMT thing fixed; it's nuts that people owe taxes on money they never had.  At the very least, when the stock in such a situation actually becomes worthless, one should be able to file a 1040X for the year in which the AMT was triggered, erasing the excess tax bill and turning any excess tax paid into a credit.<p>I can see wanting to tax people on paper gains as a way of closing loopholes -- but if the paper gain evaporates we should let them off the hook.