(800) 627 3697 info.eri@erieri.com


Term: Alternative Minimum Tax (AMT)

Definition: This is an IRS mechanism created to ensure that corporations, trusts, high-income individuals, and estates all pay at least some minimum amount of tax, regardless of deductions, exemptions or credits. The AMT is triggered when there are large numbers of personal exemptions on state and local taxes paid, by Incentive Stock Option (ISO) plans, or large numbers of miscellaneous itemized deductions or medical expenses.

To find keyword content within a course first select the course in the list below and then:

  1. For courses with page numbers, in the left-side course navigation, select Page Index and navigate to the page.
  2. For courses with slides, in the course, select Open Course and navigate to the slide using the left-side navigation.
CoursePage Number
20 - The Basics of Employee Stock Option Plans 12
42 - Accumulated Earnings and Deferred Compensation 3

The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/