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Tax Legislation & Policy

Tax Legislation and Policy  



The AICPA has a long history of advocating for sound tax policy.  This section contains: AICPA-developed tools to evaluate tax provisions and proposals from a tax policy standpoint; AICPA tax reform studies to promote informed tax policy decisions; advocacy documents; and other tax policy related materials. 

Tax Policy 

Tax Reform Study Available

For a clearer understanding of the issues and alternatives involved in tax reform debates, read the AICPA's publication, "Tax Reform Alternatives for the 21st Century."



Recommendations to National Commission on Fiscal Responsibility and Reform

On July 1, 2010, the AICPA urged the National Commission on Fiscal Responsibility and Reform to consider the principles of good tax policy and tax simplification in developing proposals for deficit reduction.



AICPA Recommends Change to Tax Return Due Dates

Taxpayers and preparers have long struggled with problems created when Schedules K-1 arrive late, sometimes within days (before or after) of the due date of their personal returns and up to a month after the due date of their business returns.  Late K-1s make it difficult, if not impossible, to file a timely, accurate return.

In January 2008, the AICPA recommended that the IRS open a regulation project to address the difficulties taxpayers face when receiving delayed Schedules K-1.  A Tax Division task force was formed to explore a more permanent, possibly legislative solution to this problem.

Advocacy 

AICPA reaches out to the Joint Select Committee on Deficit Reduction

On October 14, 2011, the AICPA submitted a letter to the "super committee" outlining principles for consideration during tax reform discussions.  We did not take a position on what is the best solution for reforming the federal income tax system.  Instead, we provided unbiased facts and analysis to foster an informed discussion.


 
2010 AICPA Compendium of Legislative Proposals - Simplification and Technical Proposals

Simplification and Technical Proposals Submitted.

The AICPA publishes a Compendium of Legislative Proposals - Simplification and Technical Proposals.  The compendium contains noncontroversial legislative proposals to promote simplicity and fairmess in the tax law and to correct technical problems with provisions in the Internal Revenue Code.

 

Tax Reform 

See the Tax Reform Page for AICPA tax policy materials, testimony, written submissions, and white papers.

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AICPA Recommends Change to Return Due Dates

Article :  This page provides history, background and links related to the recommendation to change the due dates for certain tax returns.
Published on May 15, 2012

Tax Advocacy - Legislation and Policy

Overview :  List of tax policy concept statements.
Published on May 15, 2012

Tax reform letter to SFC and WM members

Article :  February 2011 Letter transmitting Tax Policy and Tax Reform materials to tax-writing committees.
Published on May 15, 2012

Older Submissions on the Tax Reform and Simplification

Article :  This page contains links to older submissions (testimonies, comments and letters) on tax reform, the tax gap and simplification dated July 2010 or older.
Published on May 15, 2012

AICPA Tax Policy and Tax Reform Materials

Article :  As a long-time advocate for sound tax policy, this page is your resource with links for our four tax policy concept statements, published material on fundamental tax reform, recent testimonies and submissions, as well as links to legislative initiatives and whitepapers on tax reform.
Published on May 15, 2012

AICPA Comments on Recommendations of the staff of the Joint Committee on Taxation to Simplify the Federal Tax System

Comment Letter :  The American Institute of Certified Public Accountants (AICPA) submits our comments and feedback on the Study of the Overall State of the Federal Tax System and Recommendations for Simplification prepared by the Staff of Joint Committee on Taxation, issued April 2001. (2002)
Published on February 01, 2012

AICPA Letter to SuperCommittee on Deficit Reduction

Comment Letter :  In this letter to the Joint Select Committee on Deficit Reduction the AICPA discusses various principles of good tax policy based on our four Tax Policy Concept Statements which we believe can frame any discussion of tax reform.  The letter includes a high level summary of each of these statements. 
Published on October 19, 2011

Pat Thompson Testimony - Hearing on Small Businesses and Tax Reform March 3, 2011

Testimony :  Congress should simplify the tax rules for all small businesses when it writes tax reform legislation, Patricia Thompson, chair of the Tax Executive Committee of the AICPA, told the House Ways and Means Subcommittee on Select Revenue Measures. The Select Revenue Measures Subcommittee hearing focused on the particular burdens the
Published on October 06, 2011

Annette Nellens Testimony at Hearing on Burdens on Individuals and Families

Testimony :  Annette Nellen, chair of the Individual Income Tax Technical Resource Panel, testified on behalf of the AICPA before the Committee on Ways and Means, U.S. House of Representatives, on April 13, 2011 at a Hearing on How the Tax Code's Burdens on Individuals and Families Demonstrate the Need for Comprehensive
Published on April 13, 2011

AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

Testimony :  Annette Nellen, chair of the Individual Income Tax Technical Resource Panel, testified on behalf of the AICPA before the Committee on Ways and Means on a hearing on April 13, 2011 on How the Tax Code’s Burdens on Individuals and Families Demonstrate the Need for Comprehensive Tax Reform.
Published on April 12, 2011

Pat Thompsons Testimony at Small Businesses and Tax Reform Hearing

Testimony :  Patricia Thompson, chair of the Tax Executive Committee, submitted written testimony on behalf of the AICPA at the Subcommittee on Select Revenue Measures, Committee on Ways and Means, hearing on Small Businesses and Tax Reform on March 3, 2011.
Published on April 12, 2011

Letter to Ways and Means regarding Simplification, December 1999

Legislative Letters :  Letter to Ways and Means regarding Simplification, December 1999
Published on March 25, 2011

Tax Policy Concept Statement No. 3 Guiding Principles for Tax Law Transparency

Whitepaper :  This concept statement addresses the "good tax policy" principle of transparency—the basic notion that taxpayers should know (1) that a tax exists, and (2) how and when the tax is imposed on them and others. The statement recommends guiding principles to be used in the development of more transparent tax
Published on March 12, 2011

Tax Policy Concept Statement No. 1 Guiding Principles of Good Tax Policy A Framework for Evaluation of Tax Proposals

Whitepaper :  This tax policy concept statement provides a framework to help answer the question: How should proposals to change existing tax rules be analyzed? This question is answered by providing and discussing ten principles that are commonly cited and used as indicators of "good tax policy."
Published on March 12, 2011

2009 Compendium of Legislative Proposals

Report :  July 2009.  The AICPA released its 2009 Compendium of Legislative Proposals, Simplification and Technical Proposals, on July 1, 2009.
Published on January 18, 2011

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