The New Corporate AMT and Accounting Implications

Matt Nashby: It would seem to me that a lot of companies are now going to want to try and minimize AFSI to reduce the chance of have to pay AMT. To change in accounting policy, a company would have to establish that the new policy that they're changing to is preferable to the old one. And it's actually very specific guidance in US GAAP concerning how that interacts with the company's tax profile. So within ASC topic 250, which is the guidance on accounting changes and error corrections, it's very clear that the preferably of an accounting policy cannot be exclusively based on a beneficial tax result.