Multiple Choice
Which of the following would not be a positive tax preference item in 2016?
A) Accelerated depreciation on real property in excess of straight-line.
B) Intangible drilling costs.
C) Alternative minimum tax NOL deduction.
D) Percentage depletion in excess of adjusted basis.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The accumulated earnings credit is always the
Q3: In the case of an individual, modified
Q4: The accumulated earnings credit for a personal
Q5: Intangible drilling costs are a tax preference
Q6: The AMT rate for corporations is the
Q8: Which of the following has no effect
Q9: Nickel Corporation, a calendar year corporation formed
Q10: If QPAI cannot be used in any
Q11: If mining exploration and development costs are
Q12: In the case of a sole