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AMT adjustments either increase or decrease Alternate Minimum Taxable Income (AMTI), where AMT Preferences can only increase AMTI. Is this a true statement? Is the Alternate Minimum Tax portion of the tax law fair to corporations? If the Federal tax law provides for loopholes, such as depreciation, why should taxable income have to be adjusted through AMT adjustments and preferences to possibly increase the corporate tax due?f

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9965520

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