U.S. IRS Provides Additional Interim Guidance on Application of Corporate Alternative Minimum Tax

The U.S. IRS has released Notice 2025-46 and Notice 2025-49, providing additional interim guidance on the application of the corporate alternative minimum tax (CAMT) introduced under the Inflation Reduction Act. Notice 2025-46 provides interim guidance regarding the application of the CAMT to domestic corporate transactions, financially troubled companies, and tax consolidated groups. Notice …
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