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On September 12, 2023, the Internal Revenue Service (IRS) and Department of the Treasury (Treasury) released a third substantive piece of guidance, Notice 2023-64 (Notice) clarifying...
Find out the new IRS's Corporate Alternative Minimum Tax (CAMT) guidelines and their implications for growing small business owners.
On December 27, 2022, Treasury issued Notice 2023-7, which provides guidance regarding the new Corporate Alternative Minimum Tax (“CAMT”) that taxpayers can rely on until Treasury...
The Notice contains a safe harbor for a corporation to determine whether it is subject to the CAMT for the corporation's first taxable year beginning after 2022.