Comp SM_Ch15 - CHAPTER 15 ALTERNATIVE MINIMUM TAX SOLUTIONS...

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CHAPTER 15 ALTERNATIVE MINIMUM TAX SOLUTIONS TO PROBLEMS MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 AMT purpose Unchanged 1 2 AMTI: direct versus indirect calculati on approac h Unchanged 2 3 AMT adjustments versus tax preferences New 4 Tax preferences Modified 4 5 Tax preferences Unchanged 5 6 AMT formula Unchanged 6 7 Regular income tax liability versus AMT Unchanged 7 8 AMT exemption amount Unchanged 8 9 AMT rates New 15-1
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15- 2005 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 10 AMT and nonrefunda ble tax credits Unchanged 10 11 AMT adjustment for cost recovery on personalty New 12 AMT adjustm ent for mining explorat ion and develop ment costs Unchanged 12 13 Issue ID Unchanged 13 14 Long-term contract income adjustment Unchanged 14 15 Incentive stock options adjustment Modified 15 16 Regular income tax adjusted basis versus AMT adjusted basis Unchanged 16 17 Issue ID Modified 17 18 Passive activity losses AMT adjustment Unchanged 18 19 ATNOLD Unchanged 19 20 AMT and itemized deductions Unchanged 20 21 Issue ID Unchanged 21 22 AMT cutback adjustment Unchanged 22
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Alternative Minimum Tax 15- Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 23 AMT and interest Unchanged 23 24 AMT and personal and depende ncy exempti ons and standard deductio n New 25 Percentage depletion preference Unchanged 25 26 Private activity bond preference Unchanged 26 27 Purpose of AMT credit Unchanged 27 28 Corporate versus noncorp orate AMT New 29 Effect of ACE adjustm ent on financia l and tax accounti ng Unchanged 29 30 AMT planning on recognition of income Unchanged 30 * 31 AMT base Modified 31 * 32 AMT calculation Modified 32 * 33 AMT calculation Modified 33 * 34 AMT exemption amount Modified 34 * 35 AMT and nonrefunda ble credits Unchanged 35
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15- 2005 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 36 AMT adjustments : circulation expenditure s Modified 36 * 37 Adjustment s for circulation expenditure s Unchanged 37 * 38 Cost recovery adjustment for AMT: realty New 39 Cost recovery adjustment for AMT: personalty Modified 39 40 Mining and exploration costs adjustment Unchanged 40 * 41 AMT adjustment for long- term contract Unchanged 41 * 42 Incentive stock option adjustment Unchanged 42 43 Adjustment s for incentive stock options Unchanged 43 * 44 AMT adjustments : adjusted gain or loss New 45 Computing AMT passive loss Unchanged 45
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15- Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 46 Itemized deductio ns adjustm ent for AMT and medical expense s Unchanged 46 * 47 AMT adjustments for itemized deductions Unchanged 47 * 48 Mortgage interest adjustment for AMT Unchanged 48 49 Adjustment for investm ent interest and private activity bond preferen ce Unchanged 49 * 50 Itemized deductions adjustment for AMT Unchanged 50 51 AMT standard deductio n and
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This note was uploaded on 03/14/2010 for the course ACC 11101 taught by Professor Sun during the Spring '10 term at Abraham Baldwin Agricultural College.

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Comp SM_Ch15 - CHAPTER 15 ALTERNATIVE MINIMUM TAX SOLUTIONS...

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