Willis Corporation is a calendar year corporation that forms on April 1 of Year 1. Willis Corporation

Question:

Willis is a calendar year that forms on April 1 of Year 1. Willis reports the following gross receipts:
Year Gross Receipts
1 …………………………… $ 3,000,000
2 …………………………… 5,400,000
3 …………………………… 7,400,000
4 …………………………… 8,800,000
5 …………………………… 10,500,000
6 …………………………… 12,400,000
Willis is not a member of a controlled group and is not a successor to another In which year(s) is Willis exempt from the AMT?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...