AICPA Urges Repeal of Form 1099 Reporting House Ways & Means Committee Markup Scheduled
Congress should repeal the information reporting requirements placed on businesses and rental property owners by the Patient Protection and Affordable Care Act and the Small Business Jobs Act of 2010, the American Institute of Certified Public Accountants said in a letter to members of the House Ways and Means Committee.
Published on February 17, 2011
AICPA Urges Extension for Deadline to File Pension Plan Forms 5500/5500-SF
...Department of Labor, U.S. Department of the Treasury, Internal Revenue Service and Pension Benefit Guaranty Corporation to extend by two months the Oct. 15 deadline for filing annual forms and reports for employee benefit plans
Published on October 12, 2010
AICPA Recommends IRS Allow Small Businesses to File Electronically the Form Electing S Corporation Status
Small businesses should be able to file electronically with the IRS the form used to elect S corporation status, so that “taxpayers would have immediate, verifiable assurance of S election status through the e-Services program” the AICPA told the IRS in...
Published on May 10, 2011
AICPA Proposes to Congress Changing Some Tax Filing Deadlines
The AICPA sent a proposal to Congress to change the due dates for tax return forms filed by partnerships, S corporations, C corporations, trusts and estates, and pension plans so that the information provided by those returns would cascade down and be available for use...
Published on October 22, 2010
AICPA Expresses Concerns to IRS about Electronic Signature Standards for Remote Transactions
...of CPAs (AICPA) expressed concern that current electronic signature standards for “remote transactions,” where the taxpayer is not appearing in person before the electronic return originator with a valid form of personal identification, are not strong enough to
Published on September 25, 2014
CPAs Available to Answer Americas Tax Questions
This year’s April 18 tax filing deadline is 13 days away, but approximately 59 million taxpayers still have to file their returns, the Internal Revenue Service said on April 4
Published on April 05, 2011
AICPA Offers Taxpayers Answers to Common Questions about the Affordable Care Act
AICPA Vice President of Taxation Edward Karl, CPA, CGMA, said, “Taxpayers will be in one of three situations – they will have had health insurance that met the requirements for minimum essential coverage under the Affordable Care Act, will have qualified for an exemption or will owe the penalty for
Published on March 16, 2015
AICPA Supports Repeal of Burdensome Tax Information Reporting Measure
The AICPA told members of Congress recently they should repeal the section of the new health care law that requires businesses to report to the Internal Revenue Service any purchase from a vendor of goods or services worth $600 or more during the calendar year.
Published on July 27, 2010
Statement from AICPA President and CEO Barry Melancon Applauding Repeal of Section 1099 Reporting Requirements by Congre...
The following is a statement by AICPA President and CEO Barry Melancon congratulating Congress on its April 5 repeal of information reporting requirements placed on businesses and rental property owners.
Published on April 05, 2011
AICPA Supports IRS Goal of Real Time Tax System
The American Institute of CPAs told the Internal Revenue Service today that it supports the agency’s overall objective of changing America’s tax system to one that matches tax information in real time.
Published on December 08, 2011