taxnews.ey.comPrint

29 July 2025

CAMT guidance on partnerships released

The Treasury Department and IRS July 29 released Notice 2025-28 on the application of the corporate alternative minimum tax (CAMT) to applicable corporations with financial statement income (FSI) attributable to investments in partnerships. The notice provides interim guidance intended to reduce the compliance burdens and costs associated with applying the CAMT to partnerships and CAMT entity partners. Treasury/IRS intend to partially withdraw CAMT proposed regulations and issue new proposed regulations. A Tax Alert on the notice is forthcoming.

* * * * * * * * * *
Published by NTD’s Tax Technical Knowledge Services group; Maureen Sanelli, legal editor

Document ID: 2025-1616

 

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