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:

Tension

A force that stretches something to make it longer or wider.

Solid-State Alteration

The process of mineralogical and structural changes in rocks without melting, often through heat, pressure, or chemical exchange.

Metamorphic

Pertaining to rock that has undergone transformation by heat, pressure, or other natural agencies.

Pressure

The force exerted per unit area by gases, liquids, or solids on the walls of their container or on objects in contact with them.