KPMG reports: Navigating CAMT
CAMT areas with significant complexity or uncertainty
CAMT areas with significant complexity or uncertainty
H.R. 5376, commonly called the “Inflation Reduction Act of 2022” (IRA), added a new corporate alternative minimum tax (CAMT)—a minimum tax based on financial statement income that is imposed on applicable corporations.
The CAMT has many areas where significant complexity or uncertainty exists.
Read a July 2023 report* [PDF 440 KB] prepared by KPMG LLP tax professionals that focuses on the basics and initial steps in navigating CAMT
Read a July 2023 report** [PDF 529 KB] prepared by KPMG LLP tax professionals that focuses on right-sizing for differences between a taxpayer’s book consolidated group, tax consolidated group, and single-employer group.
* This article originally appeared in Tax Notes International (July 24, 2023) and is provided with permission.
** This article originally appeared in Tax Notes International (July 31, 2023) and is provided with permission.
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