Charlie on "Regulation - Alternative Minimum Tax - Feedback"
Hi all, I came across the following question in my Wiley CPA REG book:The alternative minimum tax is computed as the A. Excess of the regular tax over the tentative AMT B. Excess of the tentative AMT...
View ArticleTigerWoods on "Regulation - Alternative Minimum Tax - Feedback"
I'm not sure I fully understand. AMTI (Alternative Minimum Taxable Income) is your taxable income with adjustments and preferences factored in. The amount of AMTI over regular taxable income is the AMT...
View Articleleglock on "Regulation - Alternative Minimum Tax - Feedback"
Charlie, AMT is not the greater of what you stated. I always thought this too, but in actuality, by rule, it is the excess tentative over regular tax. In a year where AMT is applicable, the total tax...
View ArticleCharlie on "Regulation - Alternative Minimum Tax - Feedback"
@leglock, thanks for the clarification
View Article
More Pages to Explore .....
