Alternative Minimum Tax (AMT) Calculator for Individuals

Alternative Minimum Tax (AMT) Calculator for Individuals

Altername Minimum Tax(AMT) calculator
(http://apps.irs.gov/app/amt2009/index.jsp?ck)

Before going how to use this application given by IRS, below is some details on what is Alternative Minimum Tax (AMT)?

The Alternative Minimum Tax (AMT) is a parallel tax system with having its own regular tax, tax income and its related deductions. To figure out whether you owe any additional tax under the Alternative Minimum Tax system, you need to fill out Form 6251.

If the tax calculated on Form 6251 is higher than that calculated on your regular tax return, you have to pay the difference as AMT.

The Altername Minimum Tax Calculator provided by IRS government is intended to provide a simple test who fill out tax returns without using software to determine whether we may be subject to the AMT.

Below is the link from IRS to check the tax liabilities for your AMT called as AMT Assistant.

Altername Minimum Tax(AMT) calculator
http://apps.irs.gov/app/amt2009/index.jsp?ck

Answer a few simple questions about entries on draft 1040 and the system will show the results and will tell you that either you do not owe the AMT or that you must go further and complete Form 6251 to find out if you owe the AMT.

All the information are extracted from IRS website. (http://www.irs.gov) and information regarding AMT is taken from http://en.wikipedia.org/wiki/Alternative_Minimum_Tax

Find out your IRS Refund Status

Below is the link from IRS Popular Online Tool to track your Federal Tax Refund.

Where is my refund? Utility on IRS website.

(https://sa1.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp)

[Above link will redirect to IRS website.]

You'll need to provide the following information from your tax return on the IRS website to get the status of your IRS tax Refund. [For more Inofmraiton visit  http://www.irs.gov/individuals/article/0,,id=96596,00.html]

1. Your Social Security Number (or Individual Taxpayer Identification Number)
2. Your Filing Status.
3. The exact whole dollar amount of your refund.

Below is the video tutorial from youtube to learn about, how to use this utility to track your Federal Tax refund.




 [All the information mentioned above are taken from the IRS website.]

Prepare, Print, E-File your Federal Taxes FREE

IRS Government provides list of various software venders to file Individual Federal Tax Return Free of Charge depending upon the Adjusted Gross Income and other conditions etc.

Various online TAX software company have various offers to support free of cost Federal Return along with state taxes. You can choose any of the online Tax Software company from the IRS website from the below link.

 Free Individual Federal Tax Return

Once you reach to the Federal IRS website, you can click on the option described below.

One of the option says “I will choose A Company“. If you want to find out about various offers from the various Online Tax Software Provider companies, this is the great option to go with. This will show a list of the companies who are participating on IRS website.

Second Option says “Help Me Find A Company“. On the page, enter your information such as age, resident state etc. and based upon that you can find out the best Online Tax Software provider company.

After clicking on particular Online Tax Software provider company’s link displayed on the website, it will leave the IRS website and redirect to the concern companies website.

You can find out various informative resources to prepare your Online Federal Taxes with various Tax software companies from here.