AICPA convinces IRS to revise Schedule D reporting.After comments from the A[CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. about the burden imposed on tax practitioners, the Internal Revenue Service has released a statement clarifying clar·i·fy v. clar·i·fied, clar·i·fy·ing, clar·i·fies v.tr. 1. To make clear or easier to understand; elucidate: clarified her intentions. 2. the Form 1040, Schedule D instructions involving capital gains transaction reporting. The AICPA AICPA See American Institute of Certified Public Accountants (AICPA). was concerned because the instructions state the specifics of each capital gain or loss transaction must be entered on a separate line of the form. To see the IRS's clarifying statement, visit www.irs.gov/formspubs/article/O,,id=109875,00.html. |
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