Surprise! You might have to file more than just your 1040. Image: John Morgan via Flickr. Most taxpayers find preparing their regular tax return bad enough on its own. But thanks to the law governing ...

Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Lea Uradu, J.D., is a Maryland state registered tax ...

IRS Form 6251, titled Alternative Minimum Tax—Individuals, determines how much alternative minimum tax (AMT) you could owe. In order for wealthy individuals to pay their fair share of income tax, ...

The alternative minimum tax is part of the so-called "parallel" tax system that was put in place in the 1970s to ensure that very wealthy taxpayers could not use certain deductions and exemptions to ...

Most taxpayers find preparing their regular tax return bad enough on its own. But thanks to the law governing the Alternative Minimum Tax, many taxpayers must essentially complete two tax returns -- ...