Comments Regarding Additional Requirements on Tax Exempt Hospitals
The AICPA submitted comments on Notice 2010-39 regarding additional requirements for certain hospitals under IRC section 501(r). In our comments, we addressed the following issues: (1) the definition of a hospital; (2) the applicability of this definition to hospitals with more than one facility; (3) community health needs assessments (CHNA);
Published on September 07, 2012
AICPA Supports IRS Tax Return Preparer Program at Congressional Hearing
The CPA Advocate: September, 2011. AICPA supports the IRS’s program, as it is currently structured, to regulate tax return preparers, Patricia Thompson, chair of the AICPA Tax Executive Committee, testified at July 28 Congressional hearing.
Published on September 08, 2011
AICPA Urges Approval of Mobile Workforce Bill at House Judiciary Subcommittee Hearing
The CPA Advocate: May, 2014. H.R. 1129 would provide relief to taxpayers and employers from inconsistent state income tax and withholding rules that impact everyone who travels for work.
Published on May 22, 2014
Section 404(b) of Sarbanes-Oxley Act of 2002
The Sarbanes Oxley Act requires that the management of public companies assess the effectiveness of the internal control of issuers for financial reporting. Section 404(b) requires a publicly-held company’s auditor to attest to, and report on, management’s assessment of its internal controls. AICPA believes that all investors in public companies
Published on April 03, 2013
State Taxation of Remote/Online Sales
This page discusses the Marketplace Fairness Act of 2013 and the issues related to state taxation of online sales.
Published on September 25, 2013
AICPA to Congress End Tax Uncertainty Business Planning and Administration of Tax Law at Risk
The CPA Advocate: September, 2012. Jeffrey A. Porter, vice chair of the AICPA’s Tax Executive Committee, testified before a House Small Business Subcommittee on Sept. 13, 2012 that the “Tax Cliff” hinders planning by small business owners, threatens efficient tax administration and forces a compressed tax season on tax preparers
Published on September 20, 2012
AICPA Suggests Changes to Internet Sales Tax Bill to Make Collection and Remittance Easier for Businesses
The CPA Advocate: October, 2013. The AICPA told Congress that legislation to require the payment of sales taxes on purchases made over the Internet should be modified so businesses that would have to collect and remit sales taxes to states in which they do not have a physical presence are
Published on October 17, 2013
AICPA Offers Comments on Generation-Skipping Transfer Safe Harbor Regs.
Safe Harbor Suggestions under Proposed Section 2642(g) Regulations.
Published on June 24, 2005
The AICPA generally supports the SEC’s proposed rules as a means to strengthen investor protections in the municipal securities market. The AICPA is concerned, however, because the proposed rule would require that accountants performing customary and usual accounting services would be required to register as municipal advisors.
Published on January 07, 2014
Sales Tax on Accounting Services
Resources and links on Sales Tax on Accounting Services.
Published on October 24, 2013