Overview
On October 31, 2022, Tax Notes quoted Eric Solomon in a piece titled "Tax Advisers Push for Guidance on Corporate AMT in Any Form." The article discusses how the Treasury Department and the IRS are reviewing the new corporate alternative minimum tax law (AMT) to issue guidance. However, time is running out before the corporate AMT is implemented on January 1, 2023.
Due to the longer process of issuing regulations, Solomon proposed issuing notices to taxpayers as "other guidance" as a temporary solution.