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    This posting thoroughly discusses the AMT.

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    Alternative Minimum Tax discussion.

    © BrainMass Inc. brainmass.com June 4, 2020, 1:13 am ad1c9bdddf
    https://brainmass.com/business/accounting/this-posting-thoroughly-discusses-the-amt-385927

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    This paper addresses the discussion of corporate alternative minimum tax.

    The purpose of the AMT for corporations is to ensure that corporations pay at least a minimum amount of tax on economic income. A corporation is liable for AMT if its tentative minimum tax is more than its regular tax. A corporation is exempt from paying AMT if it is the corporation's first tax year in existence, or it was treated as a small corporation exempt from AMT for all prior tax years after Mary 1997, and average annual gross receipts for the three tax year period ending ...

    Solution Summary

    This solution provides a thorough discussion of the Alternative Minimum Tax.

    $2.19

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