The Inflation Reduction Act of 2022 created the corporate alternative minimum tax (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.

2023年12月15日 · 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 CAMT generally applies to large corporations with average annual financial statement income exceeding $1 billion.

2025年2月9日 · Explore the essentials of the Corporate Alternative Minimum Tax, including compliance, calculations, and filing requirements. The Corporate Alternative Minimum Tax (CAMT) is a key component of the corporate tax system, designed to ensure that businesses with significant income contribute their fair share.

2023年9月28日 · The IRS has released significant guidance (Notice 2023-64) on the new corporation alternative minimum tax (CAMT) with important rules for determining who is covered and how it is calculated. The notice builds off guidance previously offered in Notice 2023-7 and Notice 2023-20, and in some cases supersedes them.

On September 13, 2024, Treasury and the IRS published proposed regulations (REG-122129-23) regarding the corporate alternative minimum tax (CAMT). These proposed rules generally adopt prior guidance issued through a series of notices since …

The new Corporate Alternative Minimum Tax (CAMT) was signed into law on August 16, 2022, as part of the legislation commonly referred to as the Inflation Reduction Act. However, as the CAMT is now in effect, applying to tax years beginning after December 31, 2022, businesses should be considering the impact now.

2025年2月4日 · The corporate alternative minimum tax (CAMT) is a 15% minimum tax applied to large corporations based on their AFSI, not taxable income. It ensures that companies pay a baseline tax, even if deductions and credits lower their regular tax liability.

2023年1月23日 · The 15% corporate alternative minimum tax (CAMT) was enacted in 2022. The CAMT applies only to some large, profitable corporations and corporate groups.

2024年9月17日 · The CAMT was created by the Inflation Reduction Act of 2022 to impose a 15% minimum tax on the “adjusted financial statement income” (AFSI) of an “Applicable …

The CAMT imposes a minimum tax on an “applicable corporation” equal to the excess of 15% of its adjusted financial statement income (AFSI) (minus a foreign tax credit) over its regular corporate tax for the year.