AICPA Comment Letter - Proposed Regulations Under Section ...

Similarly, if the tax rates were lower, then taxpayers would make a lower estimated tax payment than required. Similarly, Prop. Reg. §1.6655-5(h) provides a rule for applying the “preceding year’s facts, this year’s rates” exception in old section 6655(d)(2) where the “preceding taxable year” was a short tax year. ................
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