As I read this my take is that May 1st is the date for all companies as it relates to pps. Yet, there is a 120 day from fye to meet ALL OTHER REQUIREMENTS. But I am far less knowledgeable on the subject compared to many here.
So basically I think there are TWO DEADLINES ....one is constant for all (may 1st) and only pps related. Other is variable to each company's fye concerning all other requirements.
"Better to Remain Silent and Be Thought a Fool than to Speak and Remove All Doubt"
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