N-2024-47: Extended Relief from Certain Additions to Tax for Corporation?s Underpayment of Estimated Income Tax under Section 6655

IRS Newswire

June 13, 2024

Issue Number:? ? N-2024-47

Inside This Issue

Notice 2024-47 extends the relief provided in Notice 2024-33, which waived the estimated tax penalty imposed under ? 6655 (for a corporation?s failure to pay estimated income tax) to the extent attributable to the revised corporate alternative minimum tax (CAMT) under ? 55, but only with respect to an installment of estimated tax due on April 15, 2024, or May 15, 2024, with respect to a taxable year that began in 2024. The relief from the addition to tax under ? 6655 provided by Notice 2024-33 is extended to any installment of estimated tax by a corporate taxpayer with respect to a taxable year that began in 2024 that is due on or before August 15, 2024, to the extent attributable to the CAMT.?

Notice 2024-47 will be in IRB:? 2024-27, dated 07/01/2024.

?? ?? ?

Thank you for subscribing to the IRS Newswire, an IRS e-mail service.

If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe.

This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need your email address to log in. If you have questions or problems with the subscription service, visit subscriberhelp.govdelivery.com.

This service is provided to you at no charge by the Internal Revenue Service (IRS).

This email was sent to [email protected] by: Internal Revenue Service (IRS) ? Internal Revenue Service ? 1111 Constitution Ave. N.W. ? Washington, D.C. 20535

News Essentials

The Newsroom Topics

IRS Resources

Issue Number:? ? N-2024-47

Inside This Issue