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Ohio online Form 5471 (Schedule J): What You Should Know

For tax years beginning before that date, the alternative minimum tax is computed on a per-share basis and is adjusted for any increase or decrease in the price of the stock. Tax on capital gains and certain other investment income is always imposed at graduated rates. When the alternative minimum tax imposed on U.S. corporations for tax years beginning on or after December 31, 1984, does not apply to certain noncorporate taxable income, the tax imposed on such income will be reduced by 0.5 percent of the taxable income resulting from such noncorporate income. Under this provision, tax rates for any taxable income will be reduced by an amount equal to 0.5 percent of taxable income, which for corporations, generally means 100,000. See the Instructions for Schedule J. Tax Forms & Publications for Formers All information should be done in conjunction with any form and form information.  Forms: Form 5471 for U.S.

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