Treasury Department and IRS Provide Additional Corporate Alternative Minimum Tax Relief

The U.S. Department of the Treasury and IRS on February 18, 2026, issued Notice 2026-7 (Notice) – the fifth corporate alternative minimum tax (CAMT) notice since the end of the prior administration. The Notice announces forthcoming proposed regulations for two issues previously discussed in other guidance (the treatment of Internal Revenue Code (Code) Section 197 intangibles and repairs) and one new issue arising from the One Big Beautiful Bill Act (OBBB) – changes to the amortization of... By: Holland & Knight LLP