Description
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.
