KPMG article: Notice 2025-27 provides CAMT relief to taxpayers
Notice provides taxpayer-favorable safe harbor for determining whether taxpayers are subject to CAMT
The IRS’s recently released Notice 2025-27 provides interim guidance for the corporate alternative minimum tax (CAMT)—a 15% tax based on adjusted financial statement income—and much-welcome relief for some CAMT issues as taxpayers await final regulations. The guidance follows last year’s release of a complex set of proposed regulations and provides a taxpayer-favorable safe harbor for determining whether taxpayers are subject to CAMT as well as estimated tax payment relief for the 2025 tax year. Read TaxNewsFlash
Read a June 2025 report* prepared by KPMG LLP tax professionals—New CAMT Notice: Reasons Taxpayers Are Breathing a Sigh of Relief
*Reproduced with permission from Tax Management Memorandum. Copyright ® 2025 by Bloomberg Industry Group, Inc. (800-372-1033) http://www.bloombergindustry.com