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Author Question: A corporation pays AMT in the current year. It will be able to get the AMT back in a future year ... (Read 25 times)

folubunmi

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Question 1

A controlled group of corporations must apportion the lower tax rates among the group members as if only one corporation existed.
◦ true
◦ false

Question 2

A corporation pays AMT in the current year. It will be able to get the AMT back in a future year when its regular tax exceeds is tentative minimum tax.
◦ true
◦ false


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Marked as best answer by folubunmi on Sep 13, 2020

TINA

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folubunmi

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


Perkypinki

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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