The U.S. IRS has announced that penalty relief will be granted for corporations that did not pay estimated tax related to the new corporate alternative minimum tax. --- IRS grants penalty relief for corporations that did not pay estimated tax related to the new corporate alternative minimum tax IR-2023-110, June 7, 2023 WASHINGTON — The Department of Treasury and the Internal Revenue Service today issued Notice 2023-42, which will grant penalty relief for corporations that did not pay estimated tax in connection with the new corporate alternative minimum tax (CAMT). The Inflation Reduction Act created the CAMT, which imposes a...