AICPAs Tenacity Wins Clarity for Tax Preparers and Simpler Filing Rules for Taxpayers
The CPA Advocate: July, 2013. The IRS recently issued a revenue ruling on Mexican Land Trusts for which the AICPA has pushed since 2007.
Published on July 18, 2013
AICPA Tells IRS Preparers Deserve More Info, Clarity on 2011 Office Visits
In a December 22 letter to the IRS Small Business Commissioner, Patricia A. Thompson, chair of AICPA’s Tax Committee, reiterated AICPA’s many concerns about the broad scope of the Preparer Letters and Visitation program.
Published on January 28, 2011
AICPA Supports GASB Preliminary Views on Fair Value Measurement
In its comment letter to GASB and in testimony before the Board, the AICPA expressed concerns with the proposed definition of an investment both in terms of its clarity and intended scope and recommended that the Board reexamine the proposed definition
Published on November 25, 2013
ARSC Comment Letter on IAASB Exposure Draft and Consultation Paper
This comment letter from the ASB to the IAASB discusses the Proposed Policy Statement, “Clarifying Professional Requirements in International Standards Issued by the IAASB” and Consultation Paper: Improving the Clarity and Structure of IAASB Standards and Related Considerations for Practice Statements
Published on March 01, 2013
June 15, 2006 Comments on Form 990
...in the Instructions to Lines 25, 75b and 75c of the 2005 Form 990, Return of Organization Exempt from Income Tax. Generally, the suggestions are provided to create greater clarity of the instructions
Published on November 06, 2012
AICPAs Comments on IRSs Delay in Releasing Tax Forms
...selected tax forms. The AICPA is interested in entering into a dialogue with the IRS on failure-to-file and failure-to-pay penalties, estimated tax penalty relief, and clarity in the release of tax
Published on April 02, 2013
AICPA Urges IRS to Clarify Form 990 Instructions
The American Institute of Certified Public Accountants has urged the IRS to clarify its instructions on three lines of Form 990, which is the form filed by organizations that are exempt from federal income tax. The AICPA's June 15, 2006 comments request further clarification of several parts of Form 990: lines
Published on July 01, 2013
Net Investment Income Tax
Page that details information regarding NIIT (Section 1411).
Published on March 03, 2014
AICPA Recommends Changes to Proposed Net Investment Income Tax Rules
The CPA Advocate: July, 2013. In a letter to the IRS, the AICPA detailed recommendations to make the new 3.8 percent tax on net investment income more workable, including a simplified method for calculating the tax and a safe harbor to reduce taxpayers’ compliance burdens.
Published on July 18, 2013
Cost Basis Reporting System Needs Work, AICPA Tells IRS
The CPA Advocate: August, 2012. New formats for reporting capital gains and losses during the past tax season caused a lot of headaches for tax practitioners and taxpayers alike. The AICPA made recommendations to correct existing problems.
Published on August 14, 2012