The optional reporting of Announcement 2012-19 should be made permanent on the Form 990, according to the American Institute of CPAs.

Under Announcement 2012-19, it is now optional for filers of Forms 990 and 990-EZ, for tax year 2011, to report their interests in the income, expenses, and assets of joint ventures and other partnerships in which they have an ownership interest using information from Form 1065.

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