Tax-exempt groups don't need to file corporate AMT form for 2023
Accounting Today
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The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don't have to file Form 4626 for tax year 2023.
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The Inflation Reduction Act of 2022 created an alternative 15% minimum tax for corporations on the adjusted financial statement income of corporations, but it was aimed at the largest ones with an average annual AFSI over $1 billion, starting in 2023.
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3 周I think the outlook is improved in North America because everyone is anticipating the election one way or another. It will produce change and that’s always good.