Washington, D.C. (Dec. 15, 2016) – The American Institute of CPAs (AICPA) has sent to members of the House Ways and Means Committee and Senate Finance Committee its 2017 Compendium of Tax Legislative Proposals – Simplification and Technical Proposals, which addresses legislative as well as statutory provisions that the AICPA believes need modification.
“The AICPA’s Tax Compendium is a useful resource for Congress as it continues tax reform deliberations,” Edward S. Karl, AICPA vice president for taxation, said. “Many of these proposals are the types of issues lawmakers should consider when they debate tax reform next year. As comprehensive as it is, the Compendium will be supplemented by additional tax reform comments we intend to share with lawmakers in the coming weeks.”
The 45 recommendations in the Compendium encompass proposals related to individuals, corporations and shareholders, S corporations, partnerships, international tax, trust, estate and gift tax and exempt organizations, as well as tax administration.
Prepared biannually, the Compendium includes items focused on improving tax administration, making the tax code fairer and effectively promoting important policy objectives.