US Treasury Department and IRS issue new CAMT interim guidance
|Tax Alerts, Information Reporting, Infor ...|United States
Interim guidance (Notice 2025-27) from the Treasury Department and the IRS provides a new safe harbor for determining applicable corporation status (interim simplified method) for purposes of the corporate alternative minimum tax (CAMT).
Notice 2025-27 increases the adjusted financial statement income (AFSI)safe harbor testing thresholds to $800 million (from $500 million) and $80 million (from $5 million), as applicable, which may make it easier for a corporation to avoid qualification as an app…
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