JamesG1
Expert Alumni

Get your taxes done using TurboTax

Forms availability shows that IRS Form 6251 is available on February 18.

 

The IRS imposes the Alternative Minimum Tax (AMT) on certain taxpayers who earn a significant amount of income, but are able to eliminate most, if not all, income from taxation using deductions and credits. Although reducing your taxable income to zero is perfectly legal, the IRS uses AMT to insure everyone pays their fair share.

 

Many taxpayers must use IRS Form 6251 to calculate their AMT or to determine if they are subject to it.

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