Grebe Corporation was formed in 2001.If in 2012,it has average gross receipts of under $7.5 million,the company cannot be subject to the AMT.

Name: Grebe Corporation was formed in 2001.If in 2012,it has average gross receipts of under $7.5 million,the company cannot be subject to the AMT.
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Question

Quizplus · Accepted Answer

The Alternative Minimum Tax (AMT) rules for corporations were repealed by the Tax Cuts and Jobs Act of 2017, so the statement is outdated.

Grebe Corporation Was Formed in 2001