Question
Which of the following statements is correct? a.A C corporation classified as a small corporation is eligible to have the AMT calculated using the AMT
Which of the following statements is correct?
a.A "C" corporation classified as a small corporation is eligible to have the AMT calculated using the AMT provisions for individuals.
b.As of 2018, a "C" corporation is NOT subject to the AMT.
c.A "C" corporation classified as a small corporation is subject to the AMT only on its adjustment current earnings.
d.A "C" corporation classified as a small corporation is eligible to use the 0%/15%/20% tax rate on net capital gain and qualified dividends rather than the regular tax rates applicable to other "C" corporations.
e.a., b., & c. are correct
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