How does the alternative minimum tax credit affect the Indian employment credit?

computing taxable income or as a foreign tax credit against federal income tax on their 2022 income tax return. ... Shareholders subject to the Alternative ... (See Part 3 for additional information.) Box 13: Specified Private Activity Bond Interest. Dividends. If you are subject to the alternative minimum tax (AMT), ... Mar 21, 2025 ... ... Alternative Minimum Taxable Income (AMTI) after accounting for the AMT exemption amount. ... The information provided is for informational ... Dec 23, 2024 ... General Tax Information · Tax ... Some kinds of income and tax deductions are deductible for the regular income tax but not under AMT rules. ... tax credits to offset both regular tax and alternative minimum tax liability. ... Editor's note: The information presented here is intended solely for ... This exemption is not available to tax exempt entities that are not liable for excise taxes on transportation fuel. For more information, see the IRS ... For more detailed information on the Property Tax Deduction/Credit, see the ... For more information on the Pass-. Through Business Alternative Income Tax Credit, ... Following is information of some of those deductions. Line 21 ... Line 6 - Enter as credit the alternative minimum tax paid and not used in previous years. The Inflation Reduction Act's prevailing wage and apprenticeship provisions apply to the: Alternative Fuel Refueling Property Credit; Production Tax Credit ... ... information concerning the federal credits. You must ... tax liability after being reduced for all credits except the alternative minimum tax credit.