On December 27, 2022, the U.S. Treasury Department released Notice 2023-7 to provide initial guidance on the corporate alternative minimum tax (CAMT), a tax provision introduced in the Inflation Reduction Act of 2022. The 50 pages of guidance address some of the uncertainties arising from this new legislation, including the application of regular tax nonrecognition principles to the CAMT.
KPMG LLP is pleased to invite you to a 90-minute webcast on the CAMT guidance and its potential implications for business taxpayers. Professionals from the KPMG Washington National Tax practice will provide an overview of the Notice and discuss:
- Impacts on scope determination
- Nonrecognition conformance rules
- Scope determination in the context of corporate acquisitions and dispositions
- Depreciation adjustment rules.