Wednesday, January 04, 2006

New AMT Assistant Debuts on IRS

New AMT Assistant Debuts on IRS: "WASHINGTON - The Internal Revenue Service is providing a new online tool to help individual taxpayers determine whether they are potentially subject to the alternative minimum tax (AMT).
The AMT Assistant helps taxpayers determine whether or not they may be subject to the AMT by automating the AMT Worksheet of the 1040 Instructions, called the "Worksheet to See if You Should Fill in Form 6251 " Line 45." IRS estimates most taxpayers can make entries and get an answer in five to 10 minutes using the new application."

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