IRS Internal Revenue Bulletin: I.R.B. 2025-43 Released

The IRS has published its Internal Revenue Bulletin. The bulletin includes: 1) interim guidance regarding the application of the corporate alternative minimum tax to domestic corporate transactions, financially troubled companies, and tax consolidated groups; 2) relief for the first three calendar quarters of 2026 regarding the failure to deposit penalties; 3) final regulations that remove the associated property rule and similar rules from the existing regulations regarding the interest capitalization requirements for improvements to designated property; and 4) final regulations on recordkeeping and reporting requirements for the average income test for purposes of the section 42 low-income housing credit. [Internal ...