AICPA Requests Guidance Related to Partial Exclusion for Gain From Certain Small Business Stock
December 18, 2024
December 18, 2024
NEW YORK, Dec. 18 -- The Association of International Certified Professional Accountants issued the following news release:
In a letter submitted to the U.S. Department of the Treasury and the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) provided comments on section 1202 of the Internal Revenue Code, partial exclusion for gain from certain small business stock. Section 1202 was enacted as part of the Omnibus Budget Reconciliation Act of 1993 as an incentive . . .
In a letter submitted to the U.S. Department of the Treasury and the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) provided comments on section 1202 of the Internal Revenue Code, partial exclusion for gain from certain small business stock. Section 1202 was enacted as part of the Omnibus Budget Reconciliation Act of 1993 as an incentive . . .