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Alternative Minimum Tax Instructions

You may have to pay the AMT if your taxable income for regular tax purposes plus any adjustments and preference items that apply to you are more than the AMT exemption amount. The exemption amounts are set by law for each filing status and are listed in the Form 6251 Instructions.
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Earned Income Credit

Earned Income Credit in a Nutshell. IRS Publication 596 EIC with earning table/chart and checklist for the 2007 tax year.
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Alternative Minimum Tax f6251

The AMT is a separately figured tax that eliminates many deductions and credits, thus increasing tax liability for an individual who would otherwise pay less tax. The tentative minimum tax rates on ordinary income are percentages set by law. For capital gains and certain dividends, the rates in effect for the regular tax are used. IRS Form 6251
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efile faqs

Frequently Asked Questions about e-File. Here are the answers to the most common questions asked about IRS eFile (E-Filing).
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The Benefits of Using eFile

You struggle for hours reading and re-reading your tax instructions trying to figure out your tax return and then when you do finally file your taxes you sit for weeks on end just waiting for that brown envelope with your tax refund check to come. You think to yourself, “There has to be a simpler way.”
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How to efile taxes online

Get all your tax information together! – You will save time and won't have to stop in the middle of preparing your current year tax return to find a missing document. Here is what you will need:
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2007 Schedule EIC

A special tax credit, known as the earned income credit or EIC, is available to lower-income taxpayers who have at least some earnings from personal services during the year. In order to be eligible for the EIC, you must earn at least $1 during the year at a job or self-employment, and meet other income requirements.
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