Notice 2026-7, page 637.

This notice provides additional interim guidance regarding the application of the corporate alternative minimum tax (CAMT). The CAMT was added to title 26 of the United States Code (Internal Revenue Code) by the Inflation Reduction Act of 2022 and generally applies to large corporations for taxable years beginning after 2022. Specifically, this notice provides rules for certain adjustments to adjusted financial statement income (AFSI), rules for financially troubled companies, and anti-abuse rules for certain covered asset transactions. In addition, the notice addresses certain CAMT consequences of transactions involving intangible property subject to section 367(d). This notice also addresses applicability dates and the ability of taxpayers to rely on the interim guidance provided in Notice 2025-49 and this notice.