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Journal of Accountancy · Recently

PTEs need more notice of changes, more time to respond, AICPA says

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 PTEs need more notice of changes, more time to respond, AICPA says. Worth reviewing for potential client impact.

Summary

In a letter to Treasury and the IRS, the AICPA seeks changes to tax reporting requirements for partnerships and S corporations.

Classification

Category: fyiPriority: importantReason: Contains 'treasury' - significant update

Applies To

106511201120s

Affected Groups

Partnership/LLC preparers, C-Corp practitioners, S-Corp practitioners

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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