AICPA Identity Theft Recommendation Adopted by IRS
The CPA Advocate: August, 2014. The AICPA has urged the use of truncated Social Security numbers and other taxpayer identification numbers on payee information statements for several years
Published on August 21, 2014
AICPA Comments on Truncation of SSNs - July 18, 2011
The AICPA commented on Notice 2011-38, Request for Comments on Truncating Social Security Numbers (SSNs) on Paper Payee Statements. This notice extended to 2011 and 2012, a pilot program previously created for information return filers to truncate individual payee’s 9-digit...
Published on April 05, 2012
ITIN Application Process Is Too Burdensome, AICPA Tells IRS
The CPA Advocate: September, 2012. The AICPA told the IRS that it is not practical for taxpayers to send their passports, or other original identification documents, to the IRS for 60 days in order to apply for an Individual Taxpayer Identification Number.
Published on September 19, 2012
Extensible Business Reporting Language (XBRL) used in financial and other reporting allows for easier access to more transparent information. AICPA supports legislative proposals to utilize XBRL by companies, Federal agencies and recipients of Federal funds.
Published on May 20, 2014
AICPA Suggests Solutions for Tax Identity Theft and Tax Fraud at Senate Finance Committee Hearing Reports on Difficult T...
The CPA Advocate: April, 2013. The AICPA testified before the Senate Finance Committee about tax identity theft, tax fraud and tax reform on April 16, 2013.
Published on April 29, 2013
AICPA Speaks up Against Penalties in ID Theft Bill
The CPA Advocate: July, 2013. Congress is considering ways to clamp down on tax-related identity theft, including higher penalties on tax preparers. Find out what the AICPA is saying about these efforts and its own recommendations.
Published on July 18, 2013
AICPA Applauds Proposed IRS Regulations as a Necessary Step to Combat Tax-Related Identity Theft
The CPA Advocate: March 27, 2013. An IRS pilot program that allows identifying taxpayer numbers to be truncated should be made permanent as one step toward curbing taxpayer identify theft, the AICPA said.
Published on March 27, 2013
XBRL Gains Interest in New Legislative Proposals
The AICPA has long supported the use of eXtensible Business Reporting Language, or interactive data, in financial reporting. Several bills introduced recently in Congress are encouraging use of XBRL by federal agencies and recipients of federal funds.
Published on October 13, 2011
AICPA Summarizes IRS Strengths and Weakness for the Oversight Board
In a testimony before the IRS Oversight Board, the AICPA provided comments on: (1) the future direction of electronic tax administration, (2) enforcement challenges, (3) effective collection strategies, and (4) workforce empowerment.
Published on September 10, 2012
AICPA Sends Its AICPA Statement on Taxpayer Rights to Ways and Means
In this letter to the House Ways and Means Subcommittee, the AICPA provided comments on five tax administration legislative proposals: (1) an April 30 due date for electronically filed returns; (2) low income tax clinics; (3) penalties and interest; (4) the collection process; and (5) a better means of communicating
Published on March 12, 2012