IRS offers penalty relief for corporations that failed to pay estimated CAMT

07 June 2023

In Notice 2023-42, the IRS provides penalty relief for corporations that did not pay estimated corporate alternative minimum tax (CAMT), which generally applies to corporations with annual adjusted financial statement income exceeding $1b.

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

Document ID: 2023-1017

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