AICPA Commends Senate Finance Committee Leaders for Action on Tax Extenders

July 21, 2015

Washington, D.C. (July 21, 2015) – The following is a statement by Edward S. Karl, CPA, CGMA, vice president of taxation for the American Institute of CPAs (AICPA), commending the Senate Finance Committee for its consideration today of a package of expired tax provisions commonly referred to as the “extenders.”

“The AICPA commends Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) for their leadership in acting on a tax extenders bill today that would restore more than 50 expired provisions in the tax code.  The AICPA has pressed Congress for years to provide taxpayers with certainty about the extenders, on which Congress too often doesn’t act until the end of the year.  A successful conclusion to this year’s earlier start would help millions of Americans plan for and more accurately calculate their 2015 tax bill.”