19M more taxpayers including Expatriates may be subject to AMT in 2007

The following AMT exemptions will decrease after 12/31/2006:

• $62,500 to $45,000 for Married Filing Joint
• $42,500 to $33,750 for Single
• $31,275 to $22,500 for Married Filing Separate

To avoid surprising and penalties and interest, if you have substantial income you should run a projection of the taxes including AMT calculation before year end to see if this increase will affect you.