IRS Proposes New Corporate Alternative Minimum Tax (CAMT) Regulations: Key Details and Updates
Corporate Alternative Minimum Tax Update The Internal Revenue Service today issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax (CAMT). The Inflation Reduction Act created the CAMT, which imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of large corporations for taxable years beginning after Dec. 31, 2022. The […]