AICPA Submits Comments to IRS on Proposed Regulations Regarding Shareholder Debt of S Corporations

The American Institute of CPAs wrote the Internal Revenue Service on Nov. 13 supporting the IRS?s proposed regulation to clarify the proper treatment of shareholder debt of S corporations.� The AICPA also suggested that IRS include in the regulation an example it provided to help tax preparers

Source: http://feedproxy.google.com/~r/AICPA_PressCenter/~3/Rtinoetu5eM/Comments-IRS-Shareholder-Debt-S-Corporations.aspx

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