This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 6251 for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 6251?
A: IRS Form 6251 is the form used to calculate and pay the Alternative Minimum Tax (AMT) for individuals.
Q: Who needs to file IRS Form 6251?
A: You need to file IRS Form 6251 if you meet certain criteria that trigger the Alternative Minimum Tax.
Q: What is the Alternative Minimum Tax (AMT)?
A: The Alternative Minimum Tax (AMT) is a separate tax calculation that limits certain tax deductions and credits, ensuring that high-income individuals don't avoid paying their fair share of taxes.
Q: What are the criteria that trigger the Alternative Minimum Tax (AMT)?
A: Some of the criteria that may trigger the Alternative Minimum Tax (AMT) include high itemized deductions, large amounts of tax-exempt interest, and exercising incentive stock options.
Q: How do I fill out IRS Form 6251?
A: You will need to gather information about your income, deductions, and credits, and follow the instructions provided on the form to accurately complete IRS Form 6251.
Q: When is the deadline to file IRS Form 6251?
A: The deadline to file IRS Form 6251 is the same as the deadline to file your federal income tax return, usually April 15th.
Q: Can I electronically file IRS Form 6251?
A: Yes, you can electronically file IRS Form 6251, either through tax preparation software or by using a qualified tax professional.
Q: What happens if I don't file IRS Form 6251 when required?
A: If you are required to file IRS Form 6251 and fail to do so, you may face penalties and interest on the owed taxes.
Q: Is IRS Form 6251 used in both the United States and Canada?
A: No, IRS Form 6251 is specific to the United States and is not used in Canada.
Q: Are there any exemptions or credits available to reduce the Alternative Minimum Tax?
A: Yes, there are certain exemptions and credits available to reduce the Alternative Minimum Tax (AMT), such as the AMT exemption amount and the foreign tax credit.
Form Details:
Download a fillable version of IRS Form 6251 through the link below or browse more documents in our library of IRS Forms.