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IRS Form 8801 walkthrough (Credit for Prior Year Minimum Tax-Individuals, Estates, and Trusts) скачать в хорошем качестве

IRS Form 8801 walkthrough (Credit for Prior Year Minimum Tax-Individuals, Estates, and Trusts) 1 year ago

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IRS Form 8801 walkthrough (Credit for Prior Year Minimum Tax-Individuals, Estates, and Trusts)
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IRS Form 8801 walkthrough (Credit for Prior Year Minimum Tax-Individuals, Estates, and Trusts)

Subscribe to our YouTube channel:    / @teachmepersonalfinance   Subscribe to our newsletter: https://tinyurl.com/3b8kejnb Tired of doing it yourself? Here are several ways we can work together: *Prepare my tax return!*: https://calendly.com/forrest-teachmep... *Do a tax projection for me*: https://calendly.com/forrest-teachmep... *Help me build my Roth Conversion Roadmap*: https://calendly.com/forrest-teachmep... *I just need help with one thing or to talk something over with Forrest*: https://calendly.com/forrest-teachmep... Please feel free to check out our article, where we've written step by step instructions to help you walk through this tax form! https://www.teachmepersonalfinance.co... If you’re looking for tutorials for other IRS Forms that you can file directly through the IRS website, check out our free fillable forms page: https://www.teachmepersonalfinance.co... Here are article links to resources we've created on other forms mentioned in the video: IRS Form 6251, Alternative Minimum Tax Article: https://www.teachmepersonalfinance.co... Video:    • IRS Form 6251 walkthrough (Alternativ...   IRS Form 1116, Foreign Tax Credit Article: https://www.teachmepersonalfinance.co... Video:    • IRS Form 1116 walkthrough (Foreign Ta...   IRS Form 2555, Foreign Earned Income Article: https://www.teachmepersonalfinance.co... Video:    • IRS Form 2555 walkthrough (Foreign Ea...   Purpose of Form Use Form 8801 if you are an individual, estate, or trust to figure the minimum tax credit, if any, for alternative minimum tax (AMT) you incurred in prior tax years and to figure any credit carryforward to 2023. Who Should File Complete Form 8801 if you are an individual, estate, or trust that for 2021 had: An AMT liability and adjustments or preferences other than exclusion items, A credit carryforward to 2022 (on 2021 Form 8801, line 26), or An unallowed qualified electric vehicle credit (see the instructions for line 20). File Form 8801 only if line 21 is more than zero. Specific Instructions The AMT is a separate tax that is imposed in addition to your regular tax. It is caused by two types of adjustments and preferences—deferral items and exclusion items. Deferral items (for example, depreciation) generally don't cause a permanent difference in taxable income over time. Exclusion items (for example, the standard deduction), on the other hand, do cause a permanent difference. The minimum tax credit is allowed only for the AMT caused by deferral items.

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