C.F.R. » Title 26 » CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY › SUBCHAPTER A—INCOME TAX › PART 1—INCOME TAXES

26 C.F.R. § 1.55-1

Alternative minimum taxable income

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(a) General rule for computing alternative minimum taxable income. Except as otherwise provided by statute, regulations, or other published guidance issued by the Commissioner, all Internal Revenue Code provisions that apply in determining the regular taxable income of a taxpayer also apply in determining the alternative minimum taxable income of the taxpayer.

(b) Items based on adjusted gross income or modified adjusted gross income. In determining the alternative minimum taxable income of a taxpayer other than a corporation, all references to the taxpayer's adjusted gross income or modified adjusted gross income in determining the amount of items of income, exclusion, or deduction must be treated as references to the taxpayer's adjusted gross income or modified adjusted gross income as determined for regular tax purposes.

(c) Effective date. These regulations are effective for taxable years beginning after December 31, 1993.

[T.D. 8569, 59 FR 60557, Nov. 25, 1994]
Notes of Decisions
Cited in 4 cases, 1997–2008 · leading case: Allen v. Comm'r, 118 T.C. 1 (Tax Ct. 2002).
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Allen v. Comm'r, 118 T.C. 1 (Tax Ct. 2002). · cites it 12× “55-1, Income Tax Regs. , and the fact that the Commissioner recognized this distinction in a technical advice memorandum ( Tech.”
State Farm Mut. Auto. Ins. Co. v. Comm'r, 130 T.C. 263 (Tax Ct. 2008). · cites it 2× “Respondent argues further support for his position is found in section 1.55-1(a), Income Tax Regs.”
Pierce v. United States, 76 Fed. Cl. 638 (Fed. Cl. 2007). “26 C.F.R. § 1.55-1 . . See Guzak v. United States, 75 Fed.”
Loomis v. Comm'r, 1997 T.C. Memo. 381 (Tax Ct. 1997). · cites it 2× “In general, all Internal Revenue Code provisions that apply in computing regular taxable income also apply in determining a taxpayer's AMTI.”
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