Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Podcast: IRA & CHIPS corporate alternative minimum tax

09.30.2022 | Duration: 09:09

The next installment on new IRA and CHIPS legislation covers accounting for the new corporate alternative minimum tax.

Listen now
Backward 10s Play Pause Forward 10s

Podcast overview

Ashby Corum, KPMG Washington National Tax partner, and Matt Drucker, KPMG Department of Professional Practice partner, join host John Barbagallo in the next installment of our podcast series on the accounting implications of the recently enacted IRA and CHIPS legislation – with a focus on accounting for the new corporate alternative minimum tax (AMT).


  • All US taxpayers

Relevant dates

  • Inflation Reduction Act enactment: August 16, 2022
  • The corporate AMT is effective for tax years beginning after December 31, 2022. 

Podcast contents

  • 00:30 Introduction
  • 01:00 Corporate AMT overview  and applicability
  • 01:40 Adjusted financial statement income (AFSI)
  • 03:00 Corporate AMT carryforward
  • 04:30 Accounting for corporate AMT
  • 05:25 Implications on the valuation allowance
  • 07:25 Accounting policy changes

Explore more

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.