Originally Posted by
sailingfun
The AMT killed me. Very happy with the change in my 2018 taxes. Every Delta pilot was going to be tossed into the AMT with a few years with Delta. They may think they are not saving anything now but they will have significant savings in future years.
There was however another option. I flew with one pilot who refuses to use TurboTax because it always threw him into the AMT. He simply filled out the forms by hand and avoided that pesky AMT.
Well, your chances of an audit are low. But if it happens, chances of fines are high.
Jail is possible, but only if you fly around telling your pilot friends how you evade taxes.