KPMG article: Notice 2026-7 provides significant relief for corporations facing CAMT liabilities
Latest guidance still leaves many compliance hurdles for taxpayers to manage.
Notice 2026-7 is the latest—and arguably the most taxpayer-favorable—installment in Treasury and the IRS’s evolving series of interim guidance on the corporate alternative minimum tax (CAMT).
The notice follows the release of a complex set of proposed regulations in 2024, as well as four additional notices released in 2025 (Notice 2025-27, Notice 2025-28, Notice 2025-46, and Notice 2025-49), each providing a set of rules attempting to address the myriad of issues and complexities with the application of CAMT.
Read a February 2026 article* prepared by KPMG LLP tax professionals that describes how this latest interim guidance offers significant relief for applicable corporations facing CAMT liabilities, but still leaves many compliance hurdles for taxpayers to manage.
* Reproduced with permission from Tax Management Memorandum. Copyright © 2026 by Bloomberg Industry Group, Inc. (800-372 1033) http://www.bloombergindustry.com