Exempt Organizations Advocacy
This section covers issues of taxation and filing requirements of exempt organizations. It contains articles, tools and practice aids, as well as comment letters pertaining to legislative matters and IRS regulation and administration in this area.
Published on August 13, 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
Fight to Win Independent Standard Setting Board for Private Company Financial Reporting Will Continue
The CPA Advocate: October, 2011. The Financial Accounting Foundation’s proposal, Plan to Establish the Private Company Standards Improvement Council, rejected one of the two major recommendations of the Blue Ribbon Panel on Standard Setting for Private Companies
Published on March 02, 2012
AICPA Supports New Private Company Council Developing Framework for SMEs
The CPA Advocate: June, 2012. AICPA supports FAF's planned creation of Private Company Council and is developing an OCBOA financial reporting framework for privately held small- and medium-sized enterprises
Published on February 06, 2013
The AICPA aggressively pursues the interests of its membership through active participation with international regulators and standard setters.
Published on June 02, 2014
AICPA Beta Tests the E-File Form 990
This August 22, 2003 letter to the IRS summarizes AICPA Exempt Organization Taxation Technical Resource Panel findings upon beta testing of the E-File Form 990.
Published on June 03, 2013
Convergence of International and US Accounting Principles and IFRS
International Financial Reporting Standards (IFRS) set by the International Accounting Standards Board (IASB) in London is a response to worldwide demand from regulators, investors, businesses, and auditing firms for a single set of high-quality, globally-accepted accounting standards.
Published on April 17, 2014
AICPA Comments on Form 990 Redesign
June 4, 2004. This AICPA letter to the acting director of the IRS Exempt Organizations Division makes suggestions for redesigning Form 990.
Published on June 03, 2013
AICPA Comments on FY2005 Budget Proposal
AICPA weighs in on the administration's retirement savings plan proposals.
Published on February 10, 2010
Accounting and Financial Reporting Positions and Comment Letters
The Financial Reporting Executive Committee (FinREC) has issued the following comment letters to communicate its views and positions on accounting and financial reporting proposals issued by standard setters, such as FASB, GASB, and the IASB.
Published on February 06, 2014