Purcell Takes Tax Helm

Thomas J. Purcell III has been named chairman of the AICPA Tax Executive Committee. He is the first educator to lead the body, which on behalf of the Institute formulates tax policy, sets standards and represents members on tax matters being considered by Congress, the IRS, the Treasury Department and other public entities. The committee also oversees the work of the AICPA tax division, which comprises AICPA members who have a significant interest in taxation and many of whom serve on the tax division’s committees, technical resource panels and task forces.

During his two-year term Purcell will help tax policy makers create and administer a fair tax system, work to ensure that AICPA members follow the highest ethical standards of tax practice and assist them in being the preeminent professional providers of tax services. Purcell is an associate professor of accounting and professor of law at Creighton University in Omaha. Before joining the Creighton faculty in 1979, he was a tax consultant for Touche Ross & Co.


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Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


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