Dunn corporations taxable income is less than 40000. the, Ask an Expert

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Dunn Corporation's taxable income is less than $40,000. The corporation is not eligible for the AMT small corporation exemption. The CPA preparing the return does not calculate the AMT because he knows that taxable income is less than the AMT statutory exemption. Is he correct in his belief? Explain and provide examples.

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Category:- Accounting Basics
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