In addition, it covers the adjusted current earnings adjustment for corporations, overall planning, the relationship between the regular tax and the AMT, and the minimum tax credit.
What does ACE stand for?
ACE stands for Adjusted Current Earnings
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of ACE
We have 1418 other meanings of ACE in our Acronym Attic
- Adaptive Code-Excited linear prediction
- Adaptive Coherence Estimator
- Adaptive Communication Environment (OO, C++, programming toolkit by Douglas Schmidt)
- Adaptive Communication Equipment
- Adaptive Communications Element (USAF)
- Adaptive Content Exchange (CacheFlow)
- adCenter Editor (Microsoft)
- Addenbrooke's Cognitive Examination (neurology)
- Address Correction and Encoding (USPS)
- Adjusted Common Equity
- Administration and Cost of Elections (United Nations project)
- Admissions officers and Credentials Evaluators
- Adobe Certified Expert
- ADR Control Electronics
- Adrenocortical Extract
- Adriamycin Cyclophosphamide Etoposide (chemotherapy regime)
- Adult and Community Education (various locations)
- Adult and Community Educators of Florida, Inc.
- Adult Christian Education
- Adult Continuing Education
Samples in periodicals archive:
For example, for an ordinary piece of office equipment, depreciation must be calculated for regular tax purposes (200-percent declining balance method over 7 years), AMT purposes (150-percent declining balance method over 10 years), and adjusted current earnings (straight-line method over 10 years).
Moreover, for purposes of the adjusted current earnings (ACE) adjustment component of AMT, a different approach has been submitted.
Sourcing of the ACE Adjustment: The alternative minimum tax rules should be amended to provide a simplifying rule with regard to the adjusted current earnings preference, similar to that provided in respect of the BURP preference of former section 59(a)(1)(C).
The proposal will encourage capital formation by eliminating the depreciation component of the adjusted current earnings (ACE) preference for AMT purposes.
Also addressed are the book untaxed reported profits and the adjusted current earnings adjustments, as well as many special issues raised from these adjustments.
56(g)(4)(A) and (H)) apply to corporations in computing adjusted current earnings (ACE).