7. LO.2 An AMT results if the tentative AMT exceeds the regular income tax liability. But what...
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7. LO.2 An AMT results if the tentative AMT exceeds the regular income tax liability. But what happens if the regular income tax liability exceeds the tentative AMT? Does a negative AMT develop to the extent of this excess that can be carried to other years? Explain.
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Related Book For 
South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts
ISBN: 9781285424484
37th Edition
Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young
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