Advantages and disadvantages of early adoption of proposed regulations
The IRS’s proposed regulations for the corporate alternative minimum tax (CAMT)—a 15% tax based on adjusted financial statement income—contain effective dates and early reliance requirements that are as complex as the framework itself.
With the current freeze on rulemaking, and changes in tax priorities with the Trump Administration and Republican control of Congress, it’s unclear when (if ever) the CAMT regulations will be finalized.
Taxpayers considering early adoption may need to weigh the advantages and disadvantages of doing so carefully before being locked into unfavorable rules for an indeterminate amount of time.
Read a February 2025 report* prepared by KPMG LLP tax professionals: Risks Abound for Corporate Minimum Tax Proposal’s Early Adopters
* Reproduced with permission. Published February 25, 2025. Copyright 2025 Bloomberg Industry Group 800-372-1033.