Items such as tax-loss carryforwards and carrybacks and investment tax credits that shield corporate taxable income from taxes.
Certain items of income, or special deductions from gross income which are given favored treatment under Federal tax law.
Items that are excluded from regular taxable income but that are added back to determine your alternative minimum taxable income. Examples of tax preference items include tax-exempt interest from certain private activity bonds, depletion, intangible drilling costs, accelerated depreciation on leased personal or real property placed in service before 1987, amortization of certain pollution control costs or facilities placed in service before 1987, and certain leased property subject to accelerated cost recovery.
Tax items that may result in the imposition of the alternative minimum tax.
Certain types of Income or deductions that are added to adjusted gross income to calculate the alternative minimum tax.
Tax items that may result in subjecting you to the Alternative Minimum Tax (AMT.)