The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...

The foreign tax credit can help mitigate the impact of the alternative minimum tax (AMT) for taxpayers with income taxed abroad. While the AMT limits certain deductions and credits, it does allow a ...

If your AMT calculation exceeds your standard tax obligation, you are required to pay the difference. One of the most reliable ways to check if you owe AMT is by completing IRS Form 6251.

Those who are uncertain whether the AMT applies to them can use IRS Form 6251 to calculate their potential liability. For the 2025 tax year, the AMT 26% rate applies to the first $239,100 of ...

The IRS has made significant changes to Form 6765, Credit for Increasing Research Activities, with new requirements set to ...

April 15 is the drop-dead date for filing a 2021 federal income tax return, if you haven't done so. The IRS says many are ...

Tax extensions are far more common than you might realize - but there are some important things to keep in mind.

As 2025 tax deadlines approach, Lowcountry residents are getting their paperwork in order to file their personal and business ...

More than a million Americans are estimated to still be eligible for the stimulus checks issued by the U.S. government in ...

Form 1040-SR is an optional version of the tax return for those who are 65 and older. This single form is all that is needed for taxpayers with uncomplicated financial lives. Hundreds of other ...