“As the dialogue regarding reform of the federal income tax system continues, we aim to provide unbiased facts and analysis to foster informed discussion,” said AICPA President and CEO Barry C. Melancon, CPA, CGMA. “Council members will use the meetings as an opportunity to urge conformity with our Principles of Good Tax Policy. Our goal, reflected in our recent testimony and comment letters, is a system that is perceived as balanced, fair to all, administrable, economically efficient, transparent, and neutral in its effect on economic activity.”
The CPA advocates also are expected to promote passage of several pieces of legislation, including:
Due Dates – H.R. 901 and S. 420, the Tax Return Due Date Simplification and Modernization Act of 2013, would generally improve tax administration by establishing a set of due dates focused on promoting a chronologically-correct flow of information between pass-through entities and their owners.
Mobile Workforce – The AICPA supports H.R. 1129, the Mobile Workforce State Income Tax Simplification Act of 2013, because a uniform national standard for state nonresident income tax withholding strikes a balance between interests of the states in taxing work done within their borders and the needs of businesses to be able to operate efficiently.
AICPA leaders from each of the 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam attended the Council meeting.
Guest speakers included Gene L. Dodaro, Comptroller General of the United States. The Comptroller General is the director of the Government Accountability Office (GAO), an independent, nonpartisan agency that works for Congress. Often called the “congressional watchdog,” GAO investigates how the federal government spends taxpayer dollars.
Other speakers of note were U.S. Representatives Patrick Murphy (D-Fla.), Tom Rice (R-S.C.) and Tom Price (R-Ga.). The recent election of Murphy and Rice brought to 12 the number of members of the Congressional Caucus on CPAs and Accountants. Murphy is a member of the Financial Services Committee. Rice’s committee assignments include the Small Business Committee and the Committee on the Budget. Price is vice-chairman of the House Committee on the Budget and also is a member of the House Ways & Means Committee.
AICPA Council determines Institute programs and policies. It has approximately 260 members with representatives from every state and U.S. territory. Council meets twice each year.