More Guidance on Book-Income Tax Is Possible, Officials Say

Treasury Department and IRS officials held open the possibility of further guidance to modify regulations on the corporate book-income tax, though they didn’t elaborate on when and if that might happen.

Treasury already has issued four notices in recent months that ease implementation of the corporate alternative minimum tax in various ways. The department continues to evaluate comments it has received urging further changes, and if it thinks more guidance is warranted, “then that might be something we consider pursuing, " said Heather Harman, a Treasury tax policy adviser, who spoke at a DC Bar conference in Washington.

Brian ...