Northup was incorporated on January 1, 2011, and adopted a calendar year for tax purposes. It had

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Northup was incorporated on January 1, 2011, and adopted a calendar year for tax purposes. It had the following gross receipts for its first six taxable years:

2011...................................................... $4,282,000
2012........................................................ 8,418,000
2013........................................................ 7,002,000
2014........................................................ 9,668,000
2015........................................................ 5,219,000
2016........................................................ 3,843,000

For which of these years is Northup exempt from AMT?

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Related Book For  answer-question

Principles Of Taxation For Business And Investment Planning 2017

ISBN: 9781259753015

20th Edition

Authors: Sally M. Jones, Shelley C. Rhoades Catanach, Sandra R. Callaghan

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