Mike Conaway: “Oh, absolutely. When you turn on a television program that is going to have some adult content in it, most of them say…”

“Oh, absolutely. When you turn on a television program that is going to have some adult content in it, most of them say, viewers, give you a warning that this next program may not be suitable for young children. Well, I am going to give a warning that what I am about to go through may not be suitable for young children. This is Form 6251. Form 6251 is a 2-page form that every taxpayer who is caught up in the alternative minimum tax has to complete. Internal Revenue Service agents, when they audit you, if you have not put this form in your tax return, they will fill one out for you, thinking that maybe you screwed up and did not fill it out. It is in the instructions on how you audit taxpayers. It is a 2-page form. There are 10 pages of instructions to Form 6251, and it is relatively mind numbing to go through these instructions. I want to just kind of walk you through the first 28 lines quickly on this form. So hang on for dear life. It starts off: Line 1, "If filing Schedule A (Form 1040), enter the amount from Form 1040, line 41 (minus any amount on Form 8914, line 6), and go to line 2. Otherwise, enter the amount from Form 1040, line 38 (minus any amount on Form 8914, line 6), and go to line 7."”