AICPA Urges IRS to Modify Accounting Method Rules for Foreign Corporations - Comment Letter
Newsletter:
The CPA Advocate: August, 2012. Changes are needed to IRS rules so foreign corporations can voluntarily meet U.S. tax accounting principles, AICPA says.
Published on April 30, 2013
AICPA Recommendation for SEC Optional Adoption of IFRS by U.S. Public Companies
Newsletter:
The CPA Advocate: September, 2011. AICPA recommended to the SEC that U.S. public companies be allowed the option of adopting IFRS.
Published on April 30, 2013
AICPA Letter Supports Financial Literacy for Youth
Newsletter:
The CPA Advocate: April, 2013. The AICPA's National CPA Financial Literacy Commission recommended to a Senate panel that financial education begin in elementary school.
Published on April 29, 2013
Taxpayers Need Relief from Steep Automatic Penalty, AICPA Tells IRS, Treasury
Newsletter:
The CPA Advocate: April, 2013. The automatic $10,000 penalty imposed on companies with interests in overseas corporations that file a late information return (Form 5471) is especially burdensome for smaller companies, the AICPA told the IRS.
Published on April 29, 2013
AICPA Suggests Solutions for Tax Identity Theft and Tax Fraud at Senate Finance Committee Hearing Reports on Difficult T...
Newsletter:
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
Legislation Prohibiting Mandatory Audit Firm Rotation Introduced in U.S. House of Representatives
Newsletter:
The CPA Advocate: April, 2013. H.R. 1564, introduced by Representative Robert Hurt, a Republican from Virginia, would block the PCAOB from requiring public companies to use specific auditors or require the use of different auditors on a rotating basis.
Published on April 29, 2013
AICPA to Congress Its Time for Civil Tax Penalty Reform
Newsletter:
The CPA Advocate: April, 2013. The AICPA sent Congress legislative proposals to reform civil tax penalties so that they are clearer and fairer and, consequently, do a better job of encouraging voluntary compliance.
Published on April 29, 2013
AICPA Sends Tax Reform Recommendations to House Ways & Means Committee
Newsletter:
The CPA Advocate: April, 2013. The AICPA recently sent recommendations for tax reform to five of the House Ways & Means Committee’s working groups charged with examining how specific areas of the tax law could be reformed. The recommendations cover provisions regarding small businesses and passthrough entities, education and family
Published on April 29, 2013
AICPA Asks IRS for Clearer Cancellation of Debt Information Reporting Rules
Newsletter:
The CPA Advocate: April, 2013. The IRS should change its Form 1099-C filing requirements so that the form is issued only in the year the debt is legally discharged, the AICPA said.
Published on April 29, 2013
The CPA Advocate (Archived articles - 2013)
Article:
March 2013 AICPA Hosts Reception for CPAs in Congress Successful Push for Penalty Relief on Delayed Forms House and Senate Tax Reform Di
Published on April 26, 2013
AICPA Provides Guidance on FSA Certification Letters Overview
Newsletter:
The CPA Advocate: September, 2012. AICPA heard from many members who were being asked by clients to certify income to meet a requirement by the Farm Service Agency (FSA) and worked with the FSA to develop a letter to meet the professional standards of our members.
Published on April 11, 2013
Successful Push for Penalty Relief on Delayed Forms
Newsletter:
The CPA Advocate: March 27, 2013. The IRS recently announced late payment penalty relief for those taxpayers who are filing forms released after Jan. 30, addressing one of the AICPA’s requests to the agency to alleviate the burden of a compressed, post-fiscal cliff tax filing season.
Published on March 27, 2013
State CPA Societies Advocate against Sales Tax on Professional Services
Newsletter:
The CPA Advocate: March 27, 2013. The Minnesota and Ohio Societies of CPAs have been battling proposals in their states that would impose a sales tax on accounting services.
Published on March 27, 2013
Freshman CPAs in Congress Committed to Bipartisanship
Newsletter:
The CPA Advocate: March 27, 2013. The bipartisan spirit of new CPA lawmakers impresses AICPA President and CEO Barry Melancon, CPA, CGMA, during visits with them on Capitol Hill.
Published on March 27, 2013
House and Senate Tax Reform Discussion Drafts Include Due Date Simplification Proposal Championed by AICPA
Newsletter:
The CPA Advocate: March 27, 2013. The tax reform discussion drafts released by the House Ways and Means and Senate Finance Committees include provisions of the due dates simplification bill the AICPA has pushed Congress to enact in order to alleviate the problem of receiving late Schedule K-1 information and
Published on March 27, 2013