2025 corporation tax financial statements income tax 
CPA Practice
MARCH 8, 2023
Corporate Alternative Minimum Tax is Back Congress originally introduced the corporate AMT in 1986 to prevent large companies from using tax exemptions to avoid paying income taxes, despite high earnings. Unless the IRS specifies otherwise, it remains an applicable corporation. 
ThomsonReuters
OCTOBER 19, 2022
The Inflation Reduction Act of 2022 imposes a new 15% corporate alternative (book) minimum tax on the adjusted financial statement income of applicable corporations (those with 3-year average financial statement income of at least $1 billion). The direct-pay election under Code Sec.
Withum
NOVEMBER 17, 2022
Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Postpone income until 2023 and accelerate deductions into 2022. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches.
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