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  • What are common adjustments to ATMI?

    According to IRS literature, adjustments are defined as specific items that may either increase or decrease taxable income. Adjustments are referred to as timing differences that can either increase or decrease alternative minimum taxable income (AMTI).  Examples of adjustments include:

  • How to calculate AMTI from regular taxable income?

    To calculate alternative minimum taxable income (“AMTI”), there are certain adjustments and preferences need to be applied to regular taxable income. The most common types of adjustments and preferences to ATMI are laid out in the visual below: