Potts v. SEC

Legal Brief:  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

March 13, 2012 Comment Letter by the AICPA Health Care Expert Panel and Investment Companies Expert Panel Regarding the ...

Comment Letter:  The AICPA Health Care Expert Panel and Investment Companies Expert Panel are pleased to offer their comments on the Exposure Draft of the Proposed Accounting Standards Update, Revenue from Contracts with Customers. This...
Published on March 14, 2012

Ltr to House Ways and Means Committee Chair to Repeal New Form 1099 Provisions

Comment Letter:  ...Ways and Means Committee, addresses our concerns about the significant compliance burdens placed on businesses and rental property owners (landlords) by section 9006 of the Patient Protection and Affordable Care Act (P.L. 111-148) ("PPACA") and section 2101 of the Small Business Jobs Act of 2010 (P.L. 111-240
Published on April 04, 2012

The Honorable John Lewis

Comment Letter:  AICPA requests a correction to problems created by the enactment of a tax provision in section 8246 of the US Troop Readiness, Veteran?s Care, Katrina Recovery, & Iraq Accountability Appropriations Act of 2007 relating to an increase in the tax return reporting standards applicable to preparers
Published on March 05, 2009

AICPA Letter to House Ways and Means Committee on Form 1099 Reporting Requirements

Comment Letter:  The AICPA drafted a letter to Members of the U.S. House of Representatives requesting repeal of section 9006 of the Patient Protection and Affordable Care Act (P.L. 111-148) and section 2101 of the Small Business Jobs Act of 2010 (P.L. 111-240). The letter expresses the AICPA's concerns about the...
Published on April 05, 2012

Comment Letter to Senate Finance Committee Chairman to Repeal New Form 1099 Provisions

Comment Letter:  ...the Senate Finance Committee, addresses our concerns about the significant compliance burdens placed on businesses and rental property owners (landlords) by section 9006 of the Patient Protection and Affordable Care Act (P.L. 111-148) ("PPACA") and
Published on April 04, 2012

AICPA Letter to Senate on Repeal of Form 1099 Reporting Requirements

Comment Letter:  The AICPA drafted a letter to Members of the U.S. Senate requesting repeal of section 9006 of the Patient Protection and Affordable Care Act (P.L. 111-148) and section 2101 of the Small Business Jobs Act of 2010 (P.L. 111-240). The letter expresses the AICPA's concerns about the...
Published on April 05, 2012

AICPA Writes IRS about Proposed Rules on Employer Shared Responsibility for Health Insurance

Newsletter:  The CPA Advocate: March 27, 2013.  The AICPA made recommendations concerning the definitions of “dependent” and “full-time employee,” as well as the determination of “applicable large employer status” and the calculation of the number of “full-time employees.”
Published on March 27, 2013

Estate Tax Provisions in Presidents Fiscal Year 2014 Proposed Budget

Article:  A podcast on the estate planning impact of this and other provisions in the President's budget is available on the estate tax webinar page.
Published on April 16, 2013

Tax Legislation and Policy - Recent Issues

Overview:  See current tax issues and legistlation that the AICPA recently followed. The Congressional and Political Affairs Team often assists the Tax Team with tax legislation and policy issues, and advocates about them to Members of Congress and other key policymakers on behalf of the profession.
Published on March 28, 2013

AICPAs Testimony on Small Business Health Insurance Tax Credit - November 12, 2011

Testimony:  Patricia Thompson, chair of the AICPA's Tax Executive Committed, submitted this written testimony to the Subcommittee on Oversight, Committe on Ways and Means, U.S. House of Representatives, for a hearing on November 15, 2011 on the implementation and effectiveness of the small business health insurance tax credit. The credit was enacted
Published on April 05, 2012

AICPA Letter to Treasury Regarding Form 1099 Requirements

Comment Letter:  On January 26, 2011, the AICPA submitted a letter to the U.S. Deparment of the Treasury requesting guidance on amendments to IRC section 6041 made by the Small Business Jobs Act of 2010.  Specifically, we requested guidance on exceptions from the Form 1099 reporting requirements on rental property expense payments. 
Published on April 05, 2012

AICPA Wins Repeal of 1099 Reporting Requirements

Newsletter:  The CPA Advocate: May, 2011.  AICPA's push to overturn burdensome 1099 information reporting requirements succeeded April 14 when President Obama signed H.R. 4 into law.
Published on May 27, 2011

Small Business Health Insurance Tax Credit should be Simplified, AICPA Testifies

Newsletter:  The AICPA testified at a Nov. 15, 2011 House Ways and Means Oversight Subcommittee hearing about the small business health insurance tax credit.
Published on January 06, 2012

The SIMPLE Cafeteria Plan Act of 2005 AICPA Comment Letter on S. 723

Comment Letter:  In a letter to the U.S. Senate, AICPA comments on S. 723, The SIMPLE Cafeteria Plan Act of 2005.
Published on April 30, 2013