Page 323 - Small Business IRS Training Guides
P. 323
Answer to Exercise
Practice Exercise 1
You are auditing a corporation with tax year ending December 31, 2017, and on the corporate return the corporation paid
alternative minimum income tax of $127,000. The corporation is required to pay alternative minimum income tax. Check
True or False.
True False
The repeal of the Corporate Alternative Minimum (AMT) does not come into effect until after December 31, 2017.
73233-102 12001-4 Tax Cuts and Jobs Act
