2021 Tax Policy & Advocacy Comment Letters

January 15, 2021 - AICPA Comments on the Interaction of the Employee Retention Credit and PPP Loans

AICPA comments on the interaction of the Employee Retention Credit and PPP loans as changed by the Consolidated Appropriations Act, 2021.

February 16, 2021 AICPA Comment on Underpayment and Late Payment Penalty Relief for 2020 Tax Year
AICPA urges Treasury and the IRS to provide certain taxpayers relief from underpayment and late payment penalties for the 2020 taxable year.

February 22, 2021 - AICPA Comments on the Guidance Concerning Adjustments Attributable to Conversions from S Corporations to C Corporations under section 481(d)
The AICPA is pleased to submit comments on guidance concerning adjustments attributable to conversations from S Corporations to C Corporations under section 481(d).

February 23, 2021 - AICPA Comments on the Certainty and Relief Needed for the 2020 Tax Year
The AICPA appreciates the efforts Treasury and the IRS have made to provide various forms of relief to taxpayers affected by the Coronavirus during 2020 (the 2019 tax year). However, as we approach the April 15 filing and payment deadline for the 2020 tax year, many taxpayers and tax professionals continue to struggle to calculate and make tax payments and prepare and file tax returns. Certainty and further relief are needed.

February 25, 2021 - AICPA Comments on the Employee Retention Credit
The AICPA comments are related to the employee retention credit as created by the CARES Act and enhanced and extended by the Consolidated Appropriations Act, has been submitted to the IRS and Treasury.

February 25, 2021 - AICPA Comments on Estate Tax Closing Letters for Forms 706 and 706-NA
AICPA submitted to Treasury and IRS comments suggesting a check box on Form 706 and Form 706-NA for an estate tax closing letter request and paying the user fee when filing Form 706 and Form 706-NA. The comments are regarding proposed regulations REG-114615-16.

 

 

 

Tax Policy & Advocacy letters, testimony and related documents for 2013201420152016, 2017, 20182019 and 2020.