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AICPA Comments on the Small Business Tax Fairness Act


AICPA Comments on the Small Business Tax Fairness Act

The American Institute of CPAs (AICPA) appreciates the attempts to make statutory modifications to the qualified business income (QBI) ...

AICPA Demonstrates Support for Tax Fairness for Small Businesses

AICPA Demonstrates Support for Tax Fairness for Small Businesses, Improving Deduction for QBI Under Section 199A.

2021 Tax Policy & Advocacy Comment Letters - aicpa & cima

The AICPA supports HR 5155 which provides fair and reasonable penalty relief for taxpayers impacted by COVID. The Act also reduces contact with ...

AICPA Release Urging Tax Simplification for Small Businesses

"The current outcry for tax simplification is not new. In fact, the AICPA has warned Congress for more than a decade that the tax law is growing ...

AICPA recommends QBI improvements - Journal of Accountancy

The AICPA supports the Small Business Tax Fairness Act's proposed removal of the current difference in treatment of specified service trades or ...

2024 Tax Policy & Advocacy Comment Letters - AICPA

To ensure small businesses remain above board with federal laws and regulations, the AICPA believes the rule should be suspended for at least a year. October 30 ...

AICPA Comments on Tax Provisions in House Reconciliation ...

2387, the. Small Business Tax Fairness Act, introduced on July 20, 2021, to eliminate the distinction between. Specified Service Trade or ...

IRS Form: AICPA Submits Comments on Qualified Business Income ...

IRS Form: AICPA Submits Comments on Qualified Business Income Deduction Modification in Draft Small Business Tax Fairness Act (IRC §199A). The American ...

AICPA Official Says Tax Code Poses Challenges for Small Businesses

The tax code puts many hurdles in front of small businesses, especially those operating as passthrough entities, Patricia Thompson of the American Institute ...

State and Local Tax Advocacy Resources - AICPA

Multistate Worker Tax Fairness Act (S. 1887, H.R. 4267). State ... Tax and Capital Access on Wayfair small business impact. AICPA ...

2019 Tax Advocacy Comment Letters - aicpa & cima

AICPA requests that Treasury and the IRS provide certain small businesses relief from the definition of a tax shelter to ensure that they will ...

2017 Tax Advocacy Comment Letters - aicpa & cima

On September 19, the AICPA requested to testify on the Business Tax Reform, suggesting that Congress provide equality, certainty, and clarity ...

2022 Tax Policy & Advocacy Comment Letters - aicpa & cima

The AICPA encourages FinCEN to exempt all CPA firms from the reporting requirements and consider recommendations to clarify broad definitions and better align ...

AICPA focuses advocacy efforts on mobile workforce legislation

The AICPA testified in support of the legislation for the Sept. 19, 2017, Senate Finance Committee hearing on Business Tax Reform (testimony ...

S.45 - 118th Congress (2023-2024): Small Business Tax Fairness ...

Summary of S.45 - 118th Congress (2023-2024): Small Business Tax Fairness and Compliance Simplification Act.

- HOW TAX COMPLIANCE OBLIGATIONS HINDER SMALL ...

... small business. Unlike large ... CONCLUDING REMARKS The AICPA has consistently supported tax reform simplification efforts and permanent tax legislation ...

AICPA to Congress: Delay needed in BOI reporting deadline

To ensure small businesses remain above board with federal laws and regulations, we believe the rule should be suspended for at least a year so ...

2023 Tax Policy & Advocacy Comment Letters - aicpa & cima

The AICPA supports efforts by Congress to provide tax relief to businesses that have been unable to maintain inventory during the pandemic. The AICPA supports ...

Inflation Reduction Act One Year After Enactment - Tax Foundation

While the threshold is determined based on a three-year average of income, taxpayers have complained that this is “not an effective nor fair ...

2022 AICPA & CIMA National Tax & Sophisticated Tax Conference

Master what you need to know, so you can develop the appropriate, cohesive tax defense and compliance strategy for both businesses and individuals. The ...