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.

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.