Question
Chapter 14 introduces the alternative minimum tax (AMT) for individuals. Prior to the enactment of the TCJA, large corporations were also subject to the AMT.
Chapter 14 introduces the alternative minimum tax (AMT) for individuals. Prior to the enactment of the TCJA, large corporations were also subject to the AMT. The new law repealed this tax for those companies.
Please share your thoughts on the fairness of this tax and its application to individual taxpayers, especially those who own a business.
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Auditing And Other Assurance Services
Authors: Alvin Arens, James Loebbecke, W Lemon, Ingrid Splettstoesser
9th Canadian Edition
0130091243, 978-0130091246
