U.S. IRS Provides Optional Simplified Method for Corporate Alternative Minimum Tax
The U.S. IRS has issued Notice 2025-27, which provides interim guidance regarding the application of the corporate alternative minimum tax, as added to title 26 of the United States Code (Internal Revenue Code) by the Inflation Reduction Act of 2022. Specifically, this notice provides an optional simplified method for determining applicable corporation status under § 59(k) of the Internal Reve…
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