What this notice is about
Your tax return filing requirements may have changed: You may no longer need to pay the Alternative Minimum Tax.
What you need to do
- Read your notice carefully. It may also suggest additional steps for you to take depending on whether you qualify for the exemption for the Alternative Minimum Tax.
You may want to
- Complete and send the Power of Attorney and Declaration of Representative (Form 2848 (PDF)) to authorize someone (such as an accountant) to contact the IRS on your behalf.
- Submit an amended tax return. Download tax forms and instructions.
- Learn more with the Facts to Help You Understand the Alternative Minimum Tax.
Frequently asked questions
Write "AMT-EXEMPT" on the top of your Form 1120-X and send it to the same IRS address where you mailed your original tax return.
No. Estates/trusts are not corporations and as such are not exempt from the AMT.
The Act did not have any effect on the AMT rules for corporations/trust/estates.
Complete a Form 8822, Change of Address (PDF), and send it to the address shown on the form.
- Form 4626, Alternative Minimum Tax, Corporations (PDF)
- Form 1120-X, Amended US Corporation Income Tax Return (PDF)
Tips for next year
Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about e-file.