Companies That Pay Minimum Tax Left Hanging on IRS Guidance (1)

Big companies that fall under the corporate alternative minimum tax will have to pay up by April 15 or start racking up penalties, after a 2023 penalty waiver expired and was not renewed for 2024.

The due date comes even as the IRS and Treasury Department continue to push back the release of a large package of guidance on the tax, leaving companies to navigate a slew of uncertainties around how much they owe—or if they are liable to pay CAMT at all.

“It is unfortunate that the guidance has not yet come down, although it is not surprising given ...