Acting Director Named to Head ETA

The IRS selected acting director Terence H. Lutes as the new director of the Electronic Tax Administration. The ETA oversees policy and security for electronic transactions, as well as the development of electronic services throughout the IRS. The ETA’s focus on minimizing paper transactions is a cornerstone of the IRS’s modernization effort.

The ETA’s role has become more important as the number of electronically filed taxes has dramatically increased over the past few years. In 2000, more than 35 million returns were e-filed—an 85% increase from 1997.


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.