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ANTI 2015 Alternative Minimum Tax 15441 Calculation of Income Name of corporation/designated filer VEIN Minnesota tax ID Adjusted Income You must round amounts to the nearest whole dollar. 1 Minnesota
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What is amti alternative minimum tax?
The AMT, or alternative minimum tax, is a separate tax system that functions alongside the regular federal income tax system.
Who is required to file amti alternative minimum tax?
Individuals, estates, and trusts with certain levels of income or certain types of income are required to calculate and potentially pay the AMT.
How to fill out amti alternative minimum tax?
To fill out the AMT form, taxpayers must first calculate their alternative minimum taxable income and then apply the appropriate tax rates.
What is the purpose of amti alternative minimum tax?
The purpose of the AMT is to ensure that high-income individuals and corporations pay a minimum amount of tax, regardless of deductions and credits.
What information must be reported on amti alternative minimum tax?
Taxpayers must report their alternative minimum taxable income, adjustments and preferences, and calculate their alternative minimum tax liability.
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