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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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