AICPA Letter to Congress Proposes Modifications to Carried Interest - March 7, 2011
...March 7, 2011, the AICPA suggested legislative changes to the proposals that would modify the treatment of income for partners providing investment management services to partnerships (the so-called “carried interest” rules). The AICPA does not endorse any carried interest proposed legislation
Published on February 29, 2012
AICPA Comments on Carried Interest Technical Suggestions
This is the March 2011 AICPA comments to Congress on carried interest technical suggestions
Published on March 26, 2013
Partnership Tax Provisions in the Administrations 2014 Fiscal Year Budget Proposal
This is the AICPA webpage on the President's fiscal year 2014 budget proposals on partnership tax issues.
Published on April 15, 2013
Partnership Tax Advocacy
This page provides information on issues and AICPA comments made on proposed federal legislation and regulations relating to partnership taxation. The Partnership Taxation Resource Panel continues to monitor these advocacy issues.
Published on February 13, 2014
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
FinREC and TIC Weigh in on Two of FASBs Financial Instrument Proposals
The CPA Advocate: July, 2013. AICPA says the credit loss proposal still requires “significant work” and identified “problematic” areas of the recognition and measurement proposal.
Published on July 18, 2013
AICPA Suggests Improvements to Form 1023
On December 2, 2002, AICPA makes suggestions to the IRS for improvements to Form 1023, the Application for Recognition of Exemption for nonprofit organizations.
Published on November 12, 2012
Article/Guide to Section 643 Regs Defining Trust Income - 2005
An analysis of the revised regulations defining trust accounting income for tax years ending after January 2, 2004. This guide also examines how they affect the computation of fiduciary accounting income and distributable net income.
Published on September 12, 2012
AICPA Evaluates the International Tax Aspects of the American Competitiveness and Corporate Accountability Act
AICPA writes to the Congress evaluating the international tax aspects of the proposed H.R. 5095, American Competitiveness and Corporate Accountability Act.
Published on April 15, 2010
Using Family Partnerships and Refuting IRS Challenges
This is an article highlighting the AICPA's position concerning the legitimate use of family partnerships. In particular, the AICPA takes exception with the IRS's refusal to recognize for transfer tax purposes the validity of many family partnership's under examination.
Published on September 19, 2012