Online AMT calculator.
Author | Laffie, Lesli S. |
Position | FROM THE IRS |
According to IR-2007-18, the IRS has updated its Internet-based calculator to help taxpayers determine whether they owe the alternative minimum tax (AMT). The online AMT Assistant is an automated version of Worksheet to see if you should fill in. Form 6251, Alternative Minimum Tax. The worksheet, contained in the Form 1040 instructions, is used to determine how much AMT (if any) a taxpayer owes. The Service projects that most taxpayers using the online AMT Assistant will find that the AMT does not apply to them, and that after they enter their data, they can get an answer in five to 10 minutes.
The AMT Assistant is aimed at individuals and can be used by them, tax...
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