Use the Tax Stats function at www.irs.gov to determine how many C corporations incurred an AMT liability
Question:
Use the Tax Stats function at www.irs.gov to determine how many C corporations incurred an AMT liability for the last tax year with complete data. What percentage of total corporate Federal income tax collections came from the AMT? Comment on your findings in a one-page essay for your instructor.
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According to the Tax Stats data from the IRS website there were approximately 8 2 million C corporat...View the full answer
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Related Book For 
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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