Overview
On December 12, 2023, Bloomberg Tax quoted partner Lawrence Hill in an article titled, "IRS Gears Up for Corporate Minimum Tax With New Campaign." The article discusses the IRS’s Large Business & International Division’s new campaign on the corporate alternative minimum tax (CAMT). The campaign aims to promote voluntary compliance, focus resources on the highest-risk issues regarding CAMT via consistent and thorough risk assessment, and ensure consistent development and resolution of CAMT issues.
Larry said the campaign shows the agency is coordinating at the national level to make sure staff and offices are on the same page when it comes to enforcement and interpretation of the law. "It is a little bit unusual in that it would appear somewhat premature to start this campaign, but I think they’re organizing early in anticipation for the complexity of the provisions."
Read the full article at Bloomberg Tax.
