KPMG report: Additional interim CAMT guidance (Notice 2026-7)
Initial analysis and observations
The IRS on February 18, 2026, released Notice 2026-7, providing additional guidance regarding the corporate alternative minimum tax (CAMT), which generally imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of certain large corporations.
This new notice, in combination with a series of notices in 2025, results in significant changes to the CAMT regime and in how taxpayers have previously computed liability AFSI.
Read a February 2026 report prepared by KPMG LLP that includes preliminary analysis and observations on Notice 2026-7.