The alternative minimum tax (AMT) is a separate tax system that makes sure people with high incomes still pay some tax, even if they have a lot of deductions. It removes some common deductions, like ...
Interim guidance issued Tuesday by the IRS on the Sec. 55 corporate alternative minimum tax (AMT) contains several changes for which the AICPA advocated. One such change in Notice 2025-28 is the ...
I’ll freely admit that before I assumed the editor’s post at Accounting Today, I didn’t know the difference between the AMT and the IRT. But as I grew into the job, the acronym for alternative minimum ...
The complete cast has been set for the world premiere of Mr. Puppy The Musical, a heartwarming and high-spirited new show inspired by the beloved apparel brand. The musical, featuring a book by ...
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OBBBA changes to the alternative minimum tax (AMT)
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, finalizing the budget reconciliation process for fiscal year 2025. While the bill is intended to stimulate ...
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