-
Notifications
You must be signed in to change notification settings - Fork 1
Amt
Anton Vasilescu edited this page May 9, 2023
·
1 revision
AMT is the acronym for Alternative Minimum Tax. AMT’s refer to a tax mechanism that calculates taxable income after certain deductions and tax preferences are made. The AMT ensures that high-income individuals and entities pay a certain amount of income despite any potential favorable tax treatment.
See e.g., American Sav. Bank v. Michael 477 N.E.2d 430 (1985)