All Tax Preference Items Flow Through the S Corporation, to Be

question 85

True/False

All tax preference items flow through the S corporation, to be included in the shareholders' AMT calculations.

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Definitions:

Cognitive Coping

The idea that beliefs play a central role in helping people cope with and recover from misfortunes.

Dual Attitude Theory

A psychological concept suggesting that people can hold two different evaluations (positive and negative) about the same object at the same time.

Downward Comparison

The act of comparing oneself to people who are worse off.

Upward Comparison

The act of comparing oneself to people who are better off.