Define the following terms relating to the AMT: a. Tax preference item b. AMT adjustment item c.

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Define the following terms relating to the AMT:
a. Tax preference item
b. AMT adjustment item
c. Adjusted current earnings
d. Alternative minimum taxable income
e. AMT exemption amount
f. Tentative minimum tax
g. Minimum tax credit

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Dec 11, 2015 03:24 AM

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Define the following terms relating to the AMT: a. Tax preference item b. AMT adjustment item c.

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a Tax preference items are items specified in Sec 57a The taxpayer adds them to regular taxable inco...View the full answer

Federal Taxation 2016 Comprehensive

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