A corporation that passes the $5 million average gross receipts test will continue to be treated as a small business corporation (e.g.,no AMT)for 3 years automatically.

Name: A corporation that passes the $5 million average gross receipts test will continue to be treated as a small business corporation (e.g.,no AMT)for 3 years automatically.
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Question

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The average gross receipts for the three-year period preceding the taxable year must not exceed $7.5 million.

A Corporation That Passes the $5 Million Average Gross Receipts