Additional interim guidance is being issued that is designed to help corporations determine whether the new corporate alternative minimum tax (CAMT) applies to them and how to compute the tax, the IRS announced Sept. 12. Notice 2023-64 clarifies and supplements Notice 2023-07 and Notice 2023-20, issued earlier this year. Treasury and IRS anticipate that forthcoming proposed regulations will be consistent with this interim guidance. [IR-2023-167 (Sept. 12, 2023)]
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