AICPA Responds to IRS Simplification Proposals for Employee Benefit Plan Determination Letters
AICPA responds to the second white paper regarding The Future of the Employee Plans Determination Letter Program, encouraging simplification
Published on February 10, 2010
AICPA Summarizes IRS Strengths and Weakness for the Oversight Board
In a testimony before the IRS Oversight Board, the AICPA provided comments on: (1) the future direction of electronic tax administration, (2) enforcement challenges, (3) effective collection strategies, and (4) workforce empowerment
Published on September 10, 2012
AICPA Survey Recommends Treaty Negotiation Priorities
AICPA contacts the Department of the Treasury and provides suggestions for future treaty negotiations and possible renegotiation priorities
Published on February 08, 2013
AICPA Proposed Revenue Ruling Regarding the Treatment of Noncapital, Nondeductible Expenses with Respect to an S Corpora...
In this proposed revenue ruling, the AICPA suggests that nondeductible, noncapital allocations to an S shareholder in excess of basis will not carryover to future years unless the re-ordering election of reg. section 1.1367-1(g) is made
Published on September 28, 2012
AICPA Letter to IRS on Need Notice on Section 67(e) for 2010 Returns
This is the Feb. 15, 2011 AICPA letter to the IRS and Treasury on need for notice not requiring unbundling of fiduciary fees for 2010 returns and future years
Published on February 15, 2011
States May Move toward Reporting Mandates on Remote Sellers to Boost Tax Compliance
AICPA opposes a Multistate Tax Commission model statute that would ask states to require out-of-state retailers to report sales to in-state consumers.
Published on September 02, 2011
AICPA Recommendation for SEC Optional Adoption of IFRS by U.S. Public Companies
The CPA Advocate: September, 2011. AICPA recommended to the SEC that U.S. public companies be allowed the option of adopting IFRS.
Published on April 30, 2013
Potts v. SEC
Brief of amicus curiae for the AICPA in support of the petition of Robert D. Potts. The SEC sanctioned Potts for ""improper professional conduct"" in performing duties as a concurring reviewer during an audit of certain financial statements in 1988 and 1989.
Published on April 02, 2013
Sample Client Letter for Surviving Spouses Needing to File Estate Tax Return to Elect Portability
This is a sample client letter for members to send to clients who are surviving spouses of individuals who died in 2011 or 2012. It discusses the portability of the estate tax exemption, a recent provision in the law that may save the family from paying significant gift and estate taxes in the
Published on March 09, 2012
AICPA to IRS Delay Upcoming Basis Reporting Deadlines
The CPA Advocate: March, 2014. The AICPA wrote to the IRS that three effective dates in final regulations to implement basis reporting requirements by securities brokers should be delayed by one additional year in order to reduce taxpayers’ compliance burdens.
Published on March 27, 2014