To help Capitol Hill staff prepare for the April 15 deadline, the American Institute of CPAs (AICPA) offered a tax season briefing on February 19, 2014. During the hour-long session, Melissa Labant, CPA, AICPA director of tax advocacy, and Eileen Sherr, CPA, AICPA senior technical manager - tax advocacy, explained what new information taxpayers need to know for filing 2013 tax returns.
Nearly 30 individuals, representing both Democrat and Republican U.S. House of Representatives and Senate offices, participated in the briefing. The session began by covering the commonly asked questions staff may receive from their constituents and the most common tax return mistakes and how to avoid them. Throughout the session attendees asked questions they have received from their constituents and questions specific to their own tax returns.
Melora Heavey, senior manager – communications and consumer education, provided an overview of the free resources the AICPA offers the public through its financial literacy effort, 360 Degrees of Financial Literacy, and reminded attendees that their state CPA society also offers a variety of tools, events and information for their constituents.
This is the third year the AICPA has offered the free program.