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This course covers the corporate Alternative Minimum Tax and includes a description of its computation.

In this course you learn:

  • About the various Adjustments and Preferences that are included in Alternative Minimum Taxable Income.
  • About the ACE adjustment which is designed to increase taxable income to an amount that closely resembles financial income.
  • That the AMT is, in fact, a prepayment of future income tax through the computation of the AMT credit.

Course Series

This course is included in the following series:

3 CoursesTax Minimization Strategies

  1. Tax Minimization Strategies When Computing Corporate Taxable Income
  2. Tax Minimization Strategies When Computing Corporate Tax Expense
  3. Tax Minimization Strategies When Computing Corporate Alternative Minimum Tax (AMT)

Learning Objectives

  • Recognize the purpose of the corporate Alternative Minimum Tax (AMT) and how it is computed
  • Explore which corporations are exempt
  • Explore AMT Preferences and Adjustments
  • Identify what the ACE Adjustment is and how it is computed
  • Explore the AMT Credit and how it can reduce your future tax liability

 

 

Last updated/reviewed: May 02, 2018

4 Reviews (20 ratings)Reviews

4
Anonymous Author
Not being a tax guy it was a good overall review reminding me why I am not a tax guy and the importance of technical tax help.
4
Member's Profile
i liked the instructor. Those specializing in corporate tax would benefit the most.
5
Member's Profile
Very helpful instructor and lesson plan. Review questions were on point.
5
Anonymous Author
Complicated topic presented in a clear and concise manner.

Prerequisites

Course Complexity: Advanced

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
Alternative Minimum Tax
  9:37AMT Overview
  3:25Corporations Exempt from AMT
  13:35AMT Adjustments
  5:19AMT Preferences
  9:31ACE Adjustment
  2:05AMT Minimum Tax Credit
CONCLUSION
  14:17Case Study
Continuous Play
  59:24Tax Minimization Strategies When Computing Corporate Alternative Minimum Tax Full Video
SUPPORTING MATERIALS
  PDFSlides: Tax Minimization Strategies When Computing Corporate Alternative Minimum Tax
  PDFTax Minimization Strategies When Computing Corporate Alternative Minimum Tax Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM