Sentences with phrase «tax preference items»

An alternative minimum tax (AMT) recalculates income tax after adding certain tax preference items back into adjusted gross income.

An alternative minimum tax (AMT) recalculates income tax after adding certain tax preference items back into adjusted gross income.

The purpose of the alternative minimum tax (AMT) is to restrict the tax benefits derived from various tax preference items, such as approved tax shelters, capital gains, investment tax credits and certain losses.

You may have to pay the AMT if your taxable income for regular tax purposes, combined with certain adjustment and tax preference items (including interest on certain private activity bonds), is more than the following exemption amounts below:

At exercise, the difference between the grant price and the exercise price is a tax preference item for calculating the alternative minimum tax.

Minimize the impact of Alternative Minimum Tax (AMT), because lease payments are not treated as a tax preference item used to calculate AMT.