Trying to do some research here. Company may be thrown into AMT due to a life insurance policy payoff.
Now - with individual AMT, there are timing items and preference items. With the timing items( depreciation being the easiest), you will always balance out in the end, with the AMT just changing when you will pay tax. With the preference items, you just pay more tax.
I'm under the impression that with corporate AMT, everything is a timing item. reading through Form 8827, Credit for Prior Year Minimum Tax, it looks like the company will get a credit for having to pay AMT on life insurance proceeds. This goes against what I would expect for individual AMT, but is this correct for corporate AMT?