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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.

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