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Individual Income Taxation Advocacy

This section contains legislative issues and comments regarding individual income taxation.

The Individual Technical Resource Panel continues to monitor these advocacy issues.


News and Developments

	Below are recent developments in this area: On June 17, 2013, AICPA comments on Proposed Regulations under section 1411 - Net Investment Income Tax (REG-130507-11) On May 7, 2013, the AICPA made recommendations to the IRS on the Safe Harbor Method for the Home Office Deduction under Rev. Proc. 2013-13. On April 1, 2013, AICPA submitted a comment letter to the IRS and Treasury as they continue to develop Form 1099-C, Cancellation of Debt and related instructions as well as guidance on section 6050P. AICPA submits Paperwork Reduction Act comments on Proposed Regulations under section 1411 - Net Investment Income Tax (REG-130507-11) AICPA files comments with IRS requesting clarification of questions A&B on Form 1040 Schedule E relating to rental property owners and when they must file form 1099s

Below are recent developments in this area:

On June 17, 2013, AICPA comments on Proposed Regulations under section 1411 - Net Investment Income Tax (REG-130507-11)
On May 7, 2013, the AICPA made recommendations to the IRS on the Safe Harbor Method for the Home Office Deduction under Rev. Proc. 2013-13.
On April 1, 2013, AICPA submitted a comment letter to the IRS and Treasury as they continue to develop Form 1099-C, Cancellation of Debt and related instructions as well as guidance on section 6050P.
AICPA submits Paperwork Reduction Act comments on Proposed Regulations under section 1411 - Net Investment Income Tax (REG-130507-11)
AICPA files comments with IRS requesting clarification of questions A&B on Form 1040 Schedule E relating to rental property owners and when they must file form 1099s


Key Advocacy Issues

	Tax Reform The move to reform the tax code is escalating - both Congress and the President have released comprehensive proposals and action could begin as early as this summer. Keep you up to date on tax reform news Share our recommendations for cleaning up the code Outline our principles for sound tax policy
	Domestic Partners and Same-Sex Couples Recent guidance from the IRS on Registered Domestic Partners, is a reminder of the need to understand how state law treats domestic partners and same-sex married couples. Consideration must be given to how the state defines the property rights of these couples and the filing differences between federal and state tax rules.
	Health Care Reform Resources Center On June 28, 2012 the Supreme Court upheld as constitutional, the Patient Protection and Affordable Care Act (the Act). The Act requires the majority of U.S. citizens and legal residents to maintain minimum health coverage or risk paying a penalty in the form of a tax. Only those not required to file income tax returns will be exempt from the penalty.
	Comprehensive List of Advocacy Issues AICPA comments on many issues regarding individual taxation, both legislative and regulatory. Available are all the current as well as prior year comments.


Resources

For practice support resources in this area, visit the Individual Income Taxation Resources page.

It contains checklists, webinars, articles, tools and practice aids to assist members in tax practice.