Northup was incorporated on January 1, 2012, and adopted a calendar year for tax purposes. It had
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Northup was incorporated on January 1, 2012, and adopted a calendar year for tax purposes. It had the following gross receipts for its first six taxable years:
2012 .............................. $4,282,000
2013 .............................. 8,418,000
2014 .............................. 7,002,000
2015 .............................. 9,668,000
2016 .............................. 5,219,000
2017 .............................. 3,843,000
For which of these years is Northup exempt from AMT?
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Related Book For
Principles Of Taxation For Business And Investment Planning 2018
ISBN: 9781259713729
21st Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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