Additional interim guidance to further clarify the application of the new corporate alternative minimum tax (CAMT), the IRS issued Sept. 12. The CAMT was added to the Code by the enactment of the Inflation Reduction Act of 2022, Pub. L. No. 117-169 (Aug. 16, 2022), effective for taxable years beginning after Dec. 31, 2022. [Notice 2023-64, 2023-40 I.R.B. __ (Oct. 2, 2023)]
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