From Guidewire <[email protected]>
Subject Notice 2025-28: withdraws proposed regulations and announces revised proposed regulations regarding Corporate Alternative Minimum Tax (CAMT) for Corporate financial statement income (FSI)
Date July 29, 2025 6:14 PM
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IRS GuideWire July 29, 2025

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Issue Number:  Notice 2025-28

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*Notice 2025-28 [ [link removed] ]* informs taxpayers of the intention of the Department of the Treasury and the Internal Revenue Service to partially withdraw proposed regulations and issue revised proposed regulations regarding the application of the Corporate Alternative Minimum Tax (CAMT) to applicable corporations with financial statement income (FSI) attributable to investments in partnerships.  In addition, the notice provides interim guidance primarily on simplified methods to determine an applicable corporation’s adjusted financial statement income (AFSI) 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 IRB 2025-34, dated Aug. 18, 2025.*

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