Bart Posted September 9, 2009 Report Posted September 9, 2009 I have a client with tax bills from 2005 and 2006. We just filed his 2007 1040 showing a loss. I amended 2005 and 2006 to caryback the loss and offset the taxable income from those two previous years. In 2006, the taxpayer was subject to alternative minimum tax. The IRS returned the 1040X's saying they needed additional information. They want us to provide a copy of our 2007 6251, a computation of the Alternative Minimum Tax Net Operating Loss Deduction for the loss year, and copies of the 2005 and 2006 forms 6251 both before and after the carryback. I do not think I know how to do these computations and forms. I hope this is appropriate, but I would like to hire one of you experts to show me how to do this or do it for me. If this is inappropriate, just let me know and accept my appologies. Quote
kcjenkins Posted September 10, 2009 Report Posted September 10, 2009 That form is on the NOL worksheet, Bart. It's the third and fouth tab at the bottom. Have you tried reading those and reading the instructions related to those tabs? Quote
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