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Notice 2023-7 Provides Initial Guidance Regarding the Corporate Alternative Minimum Tax | Cadwalader, Wickersham & Taft LLP
On December 27, 2022, Treasury issued Notice 2023-7, which provides guidance regarding the new Corporate Alternative Minimum Tax (“CAMT”) that taxpayers can rely on until Treasury.
Effect of partnerships on applicable corporation status
Wickersham taft
Corporate alternative minimum tax
Inflation reduction act
Adjusted financial statement income
Year safe harbor
Determining applicable corporation status
Applicable financial statement
Nonrecognition transactions
Regarding tangible depreciable assets
Applicable corporation status
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