Cypress Corporation, a calendar year end corporation, has an AMT credit carryforward from 2017 in the amount

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Cypress Corporation, a calendar year end corporation, has an AMT credit carryforward from 2017 in the amount of $43,000. In 2018, Cypress has $170,000 of taxable income. Assuming Cypress is not a personal service corporation, what is the amount of refund Cypress can expect to receive from its 2018 tax return filing?

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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