To Fight Identity Theft, IRS Proposes Rules for Truncating Identifying Numbers

News:  Proposed regulations permit filers of information returns to use truncated taxpayer identification numbers (TTINs) when issuing certain payee statements.
Published on January 04, 2013

Congress Passes Fiscal Cliff Act

News:  Congress preserved most of the George W. Bush-era tax cuts and extended many other lapsed tax provisions.
Published on January 04, 2013

AICPA Comments on Form 990 Redesign

Comment Letter:  June 4, 2004. This AICPA letter to the acting director of the IRS Exempt Organizations Division makes suggestions for redesigning Form 990.
Published on November 12, 2012

Annual Inflation Adjustments Released by IRS, Many Remain Unchanged

News:  The IRS released its annual revenue procedure making inflation adjustments for various credits and other tax items for 2011.
Published on May 13, 2013

IRS Releases 2011 Tax Tables and Other Inflation Adjustments

News:  The IRS released the 2011 tax rate tables and other inflation adjustments, which it had been holding while waiting for Congress to resolve various tax issues.
Published on January 28, 2011

AICPA Offers Congress 13 Suggested Cleanups for the Tax Code

News:  The AICPA’s second annual compendium of legislative proposals, distributed to key congressional tax committee leaders, seeks to correct technical problems related to a wide range of issues such as tax credits, due dates and penalties.
Published on January 28, 2011

IRS Announces Inflation Adjustments for 2013

Executive Summary:  The IRS released its annual revenue procedure making inflation adjustments to the gift tax annual exclusion and other items for tax years beginning in 2013.
Published on October 18, 2012

Tax Tables, Other Inflation Adjustments, Issued for 2013

News:  The IRS issued inflation-adjusted items for 2013 as well as the new income tax rate tables now in effect as a result of the American Taxpayer Relief Act.
Published on January 15, 2013

Congress Resolves Many Tax Issues During Lame-Duck Session

News:  Congress adjourned its year-end lame-duck session on December 22 after passing legislative fixes for several pending tax issues, including the estate tax, the expiration of the 2001 and 2003 tax cuts, an alternative minimum tax (AMT) patch, and extensions of many expired provisions. However, it failed to repeal the expanded
Published on January 28, 2011