The following facts apply to Blue Bird Corporation (Employer Identification Number: 12-3456289) in 2016. Blue Bird is not a "small corporation" and operates on a calendar year.
Taxable income before NOL.................................................$ 963,200
AMT Information:
Intangible drilling costs...........................................................(12,031)
Tax-exempt interest from private activity bonds..............................22,714
Adjusted AMT loss..............................................................(30,015)
Amortization of certified pollution control facilities..........................55,201
Depreciation of post-1986 property.............................................74,521
Adjusted Current Earnings (ACE)............................................2,007,013
Prior year positive ACE adjustments in excess of prior year
negative ACE adjustments (line 4d)..........................................251,333
Prepare Form 4626 for Blue Bird Corporation to determine its 2016 AMT liability.