American Institute of CPAs to Testify At April 16 Senate Finance Committee Hearing Examining Tax Fraud, Tax ID Theft and Tax Reform 

    Published April 15, 2013

    Contact: Shirley Twillman, 202-434-9220, stwillman@aicpa.org

    Washington (April 15, 2013) –
    Jeffrey A. Porter, chair of the American Institute of CPAs’ (AICPA) Tax Executive Committee, will testify on Tuesday, April 16, at a Senate Finance Committee hearing titled, Tax Fraud and Tax ID Theft: Moving Forward with Solutions.

    Porter will urge Congress to pass legislation that would extend the use of truncated Social Security numbers to all types of tax forms and returns to help curb tax-related identity theft, and discuss items for consideration in addressing penalty reform.  He will also provide feedback on this year’s tax filing season.  In particular, Porter will discuss the effect the delayed release of 31 tax forms by the Internal Revenue Service had on tax practitioners and the growing problem of brokerage firms sending corrected Form 1099s.  In addition, Porter will outline tax reform proposals advocated by the AICPA that focus on simplifying the tax laws for families and businesses.

    For an embargoed copy of the AICPA testimony, contact Shirley Twillman at stwillman@aicpa.org or 202.434.9220.  The testimony is embargoed until Tuesday, April 16 at 10 a.m. EDT

    The hearing is scheduled for 10 a.m. EDT in Room 215 of the Dirksen Senate Office Building, Constitution Avenue at First Street, N.E., Washington, D.C.




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