The Department of the Treasury and the Internal Revenue Service have partially withdrawn proposed regulations and are issuing revised proposed regulations regarding the application of the Corporate Alternative Minimum Tax.
The changes, detailed in
The notice provides interim guidance primarily on simplified methods to determine a corporation's adjusted financial statement income with respect to an investment in a partnership, reporting by partnerships of information needed to compute ASFI, and rules for partnership contributions and distributions.
Notice 2025-28 will be in Internal Revenue Bulletin 2025-34, dated Aug. 18.
