AICPA Urges Congress to Make S Corporation Changes 

    Published August 01, 2006

    In oral testimony before the House Small Business Subcommittee on Regulatory Reform and Oversight at a hearing held June 27, 2006, the AICPA tells Congress, among other things,   that fiscal years should be more widely permitted, that the treatment of active S corp owners as employees should not be changed, and that the LIFO recapture provisions should be repealed.

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