Back to all updates
Journal of Accountancy · Recently
AICPA calls on IRS to automate Sec. 1033 extension requests
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 AICPA calls on IRS to automate Sec. 1033 extension requests. Review and take action if applicable to your clients.
Summary
The recommendation aims to cut delays that leave taxpayers uncertain about disaster related replacement deadlines for property.
Classification
Category: heads upPriority: action neededReason: Contains 'deadline' - action may be required
Applies To
1040
Affected Groups
Individual return preparers
Related Topics
Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
Read original article