Treasury issues long|anticipated proposed regulations on CAMT

The CAMT, passed as part of the Inflation Reduction Act of 2022,1 is first applicable to tax years beginning after Dec. 31, 2022. The CAMT ...

The CAMT is applicable for taxable years beginning after December 31, 2022 and imposes a 15% minimum tax on a corporation's applicable financial ...

The Proposed Regulations provide detailed rules on the scope of the CAMT, general rules for the computation of adjusted financial statement ...

In general, the CAMT imposes a 15% corporate alternative minimum tax on the adjusted financial statement income (“AFSI”) of certain large ...

The Treasury department issued proposed tax regulations that implement the corporate alternative minimum tax (“CAMT”) rules that were ...

On Sept. 12, 2014, the Treasury and the IRS released long-awaited proposed regulations covering the corporate alternative minimum tax (CAMT) ...

Specifically, the Proposed Regulations exclude from CAMT gross income amounts received pursuant to Section 6417 (direct payments in lieu of ...

In addition, if these corporations pay regular taxes that equal or exceed 15% of their adjusted profits, they would pay no additional tax. CAMT ...

Previously the IRS issued Notice 2023-07, Notice 2023-20, Notice 2023-64 and Notice 2024-10, to provide interim guidance on the CAMT. The ...

The proposed regulations propose comprehensive rules for determining AFSI, whether a corporation is an applicable corporation, including rules ...

117-169), the Treasury Department and IRS has issued proposed regs implementing the corporate alternative minimum tax (CAMT) under Code Sec. 55 ...

The Treasury has requested comments on the Proposed Regulations by December 12, 2024, and a hearing is scheduled for January 16, 2025. Stay ...

The U.S. Treasury Department and IRS released proposed regulations (REG-112129-23) relating to the corporate alternative minimum tax (CAMT) ...

CAMT generally imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of the very largest corporate taxpayers – those with ...

On 12 September 2024, Treasury and the IRS released proposed regulations (“Proposed Regulations”) on the corporate alternative minimum tax ...

Transition rules are being considered currently because the Government recognizes that a number of significant issues remain outstanding, and a ...

15, the extended corporate tax-filing deadline for 2023, the first year the tax was in effect. CAMT requires large companies to pay at least 15% ...

The Treasury Department and the IRS have released long-awaited proposed regulations (the “Proposed Regulations”) on the 15% corporate ...

On 12 September 2024, the US Treasury Department (Treasury) and the Internal Revenue Service (IRS) released proposed regulations ...

Certain CAMT issues with respect to which stakeholders have provided feedback, as well as issues on which the Treasury Department and the IRS ...