taxnews.ey.comPrint

02 June 2025

IRS issues interim guidance on applying CAMT

The IRS has issued interim guidance (Notice 2025-27) providing a new optional simplified method for determining applicable corporation status for purposes of the corporate alternative minimum tax (CAMT). The Notice also waives estimated taxes attributable to CAMT for 2025 tax years. In addition, the Notice announces an intent to issue (1) additional interim guidance on a number of topics, including the CAMT treatment of partnerships and transactions involving partnerships, and (2) new proposed regulations that would modify the CAMT proposed regulations that were issued in 2024 (see Tax Alert 2024-1798). A Tax Alert is forthcoming.

Published by NTD’s Tax Technical Knowledge Services group; Andrea Ben-Yosef, legal editor

Document ID: 2025-1170

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement