Tag Archives: Form 6251 Instructions

Use Form 6251 to Figure Your Alternative Minimum Tax

Alternative Minimun   June 22, 2013   Comments Off on Use Form 6251 to Figure Your Alternative Minimum Tax
Tax forms

The IRS giveth and the IRS taketh away.  You get some nice deductions and tax credits plus other favorable treatment on some of your income, and this helps reduce your taxable income.  We like that.  But the AMT can take those nice tax benefits away, if it deems your income… Read more »

The Alternative Minimum Tax Exemption

Alternative Minimun   May 7, 2013   Comments Off on The Alternative Minimum Tax Exemption
tax

Well we’ve already learned about the dreaded Alternative Minimum Tax.  If you missed it, read about this tax and how it works here.  Basically it’s a tax devised to prevent rich people from using too many loopholes to avoid paying income taxes.  The rich can loophole all they want, but… Read more »