The corporate alternative minimum tax (CAMT) imposes a 15% minimum tax on the adjusted financial statement income of corporations with average annual income of over $1 billion. But due to negative stakeholder feedback on 2024 proposed regs, the IRS has issued several new pieces of guidance in 2025. Notice 2025-27 introduces an optional safe harbor to help corporations determine if they meet the CAMT’s income thresholds. Notice 2025-28 provides partners with three new methods to calculate their distributive share of a partnership’s income. Other guidance addresses corporate transactions, troubled companies and consolidated groups, and elective income adjustments. Contact us for details.
