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U.S. IRS and Treasury Provide Interim Guidance for Insurance Providers on Alternative Minimum Tax

22 February 2023

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Approved Changes

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United States

The U.S. IRS and Treasury has issued interim guidance for insurance companies and certain other taxpayers on the new corporate alternative minimum tax (CAMT). --- IRS and Treasury provide guidance for insurance providers on alternative minimum tax under the Inflation Reduction Act IR-2023-30, Feb. 17, 2023 WASHINGTON — The Treasury Department and the Internal Revenue Service today issued Notice 2023-20, which provides interim guidance for insurance companies and certain other taxpayers for the new corporate alternative minimum tax (CAMT) until the issuance of proposed regulations. The Inflation Reduction Act of 2022 created the CAMT, which imposes a 15% minimum tax...