Instructions for IRS Form 6251 Alternative Minimum Tax - Individuals

This document contains official instructions for IRS Form 6251 , Alternative Minimum Tax - Individuals - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury.

FAQ

Q: What is IRS Form 6251?A: IRS Form 6251 is used to calculate the alternative minimum tax (AMT) that individuals may owe.

Q: Why do I need to file IRS Form 6251?A: You need to file IRS Form 6251 if you meet certain criteria that make you subject to the alternative minimum tax.

Q: How do I know if I need to pay alternative minimum tax?A: You may need to pay alternative minimum tax if your income exceeds a certain threshold and you have certain deductions or preferences.

Q: What deductions and preferences trigger alternative minimum tax?A: Some deductions and preferences, such as certain itemized deductions and tax-exempt interest, can trigger alternative minimum tax.

Q: What information do I need to complete IRS Form 6251?A: You will need your regular income tax return and information about your AMT adjustments and preferences.

Q: When is the deadline to file IRS Form 6251?A: The deadline to file IRS Form 6251 is the same as the deadline for your regular income tax return.

Q: What happens if I don't file IRS Form 6251 when required?A: If you are subject to the alternative minimum tax and fail to file Form 6251, you may be subject to penalties and interest.

Q: Can I e-file IRS Form 6251?A: As of now, you cannot e-file IRS Form 6251. It must be filed by mail.

Q: Do I need to file IRS Form 6251 every year?A: You only need to file IRS Form 6251 if you meet the criteria for being subject to the alternative minimum tax.