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Breaking Tax Update: The U.S. Treasury and IRS have issued proposed regulations on Previously Taxed Earnings and Profits (PTEP)! These updates aim to simplify compliance, prevent double taxation, and streamline PTEP distribution rules and stock basis adjustments. Explore the key highlights and what this means for taxpayers here - https://lnkd.in/dwYZ9b9b Kavit Sanghvi Prathamesh Hegishte #TaxRegulations #PTEP #KNAVUS #BeyondBetter

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