On December 27, 2022, the IRS released new proposed regulations concerning the corporate alternative minimum tax established in the Inflation Reduction Act applicable after December 31, 2022. The Notice contains interim guidance on regarding specific issues related to the existing Internal Revenue Code.
See Notice 2023-7
See also KPMG Report on Notice 2023-7
Posted by Benjamin Sapozhnikov, Associate Editor, Wealth Strategies Journal.