IRS Notice: Application of Corporate Alternative Minimum Tax (IRC §6655)

The IRS published a notice that provides interim guidance regarding the application of the corporate alternative minimum tax, under I.R.C. §6655.The guidance includes providing an optional simplified method for determining applicable corporation status under I.R.C.§ 59(k). The notice also includes waiving certain additions to tax under I.R.C. §6655 with respect to a corporation’s CAMT liability under I.R.C. §55. [IRS Notice 2025-27, (June 23, 2025)]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.