Notice 2026-7 provides interim guidance regarding the application of the corporate alternative minimum tax (CAMT) under §§ 55, 56A, and 59. Section 3 of this notice modifies the interim guidance provided in section 4 of Notice 2025-49 and addresses an adjustment to adjusted financial statement income (AFSI) for tax deductible repairs with respect to section 168 property.  Section 4 of this notice modifies the interim guidance provided in section 9 of Notice 2025-49 and addresses an adjustment to AFSI for § 197 amortization attributable to certain intangibles.  Section 5 of this notice addresses an adjustment to AFSI for amortization of domestic research or experimental expenditures.  Section 6 of this notice addresses an adjustment to AFSI for certain production costs attributable to film, television, live theatrical, and sound recording productions.  Section 7 of this notice addresses an adjustment to AFSI for certain low acquisition cost tangible property treated as materials and supplies.  Section 8 of this notice clarifies and modifies the interim guidance for financially troubled companies provided in section 4 of Notice 2025-46.  Section 9 of this notice modifies the anti-abuse rule in proposed § 1.56A-4 that would apply to certain covered asset transactions.  Section 10 of this notice addresses certain CAMT consequences of transactions involving intangible property subject to § 367(d).  Section 11 of this notice provides the applicability dates and requirements for reliance. 

WILL BE IN IRB: 2026-11             DATED: March 9, 2026