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.

2024年10月1日 · Congress opted to adopt the financial-statement-based CAMT as a revenue raiser after failing to adopt Pillar 2, diverging from the historic income tax-based corporate alternative minimum tax which was repealed as part of the Tax Cuts and Jobs Act (TCJA).

2024年10月4日 · The U.S. Treasury Department and IRS in September 2024 released proposed regulations (REG-112129-23) relating to the corporate alternative minimum tax (CAMT) created by Pub. L. No. 117-169 (commonly called the “Inflation Reduction Act of 2022” or “IRA”).

2025年2月4日 · The corporate alternative minimum tax (CAMT) is a federal tax that is designed to ensure large corporations pay a minimum level of tax, regardless of deductions or credits. CAMT primarily targets corporations with at least $1 billion in average annual income.

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 .

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.

6 天之前 · The Inflation Reduction Act of 2022 (IRA) created a new corporate alternative minimum tax (CAMT) for taxable years beginning after December 31, 2022. Since being signed into law, the U.S. Department of the Treasury and the Internal Revenue Service have released multiple pieces of guidance culminating in proposed regulations.

2025年1月30日 · If CAMT is not repealed as part of the anticipated tax bill, the new administration will have a major, unfinished project on its hands. The piecemeal interim guidance and massive proposed regulation package released during the Biden administration demonstrated that the CAMT regime is exceedingly complex and difficult to get across the finish line.

2024年11月5日 · In general, the CAMT imposes a 15% corporate alternative minimum tax on the adjusted financial statement income (“AFSI”) of certain large corporations for tax years beginning after December 31, 2022. Our prior coverage of the CAMT can be found here.