The passthrough entity tax/state and local tax deduction remains a priority for the AICPA. The budget bill now being considered by the Senate does not allow certain service-based businesses to deduct state and local taxes.
AICPA Advocacy
IRS hotline questions resolved faster in 2025; concern grows about agency’s future
An annual survey of AICPA members about IRS service showed the majority of respondents are concerned that political distractions will affect agency funding and administration in the future.
Display that CPA
CPAs should be encouraged to highlight their license in their business dealings. Susan S. Coffey, CPA, CGMA, CEO–Public Accounting at the Association of International Certified Professional Accountants explains why.
AICPA recommends changes to prop. regs. on PTEP, related basis adjustments
The recommendations, sent Tuesday in a letter to Treasury and the IRS, include that the IRS expressly allow taxpayers to rely on proposed regulations until they are final.
Why the PTET SALT deduction is the AICPA’s ‘No. 1 priority’
An AICPA tax leader updates listeners on key points of the tax portion of the House budget bill. She also details some of the AICPA’s sticking points and potential “wins” — and explains why IRS service may soon decline. Listen to the podcast episode or read the Q&A.
AICPA: Contingent fee provision in tax bill would help unscrupulous tax preparers
In a letter to congressional committee leaders, the AICPA said Congress should strike language from the tax bill that bars Treasury from regulating contingent fees.
The ‘robot uprising’ and you: A CPA leader’s view on harnessing AI
An expert on artificial intelligence explains why the profession is well suited to deal with fast-moving technological changes despite saying, “Nobody can actually fully keep up.” Listen to the podcast episode or read the Q&A.
AICPA endorses some Ways and Means tax provisions, signals concern for others
One item is a “longstanding priority for the AICPA and the tax profession,” a news release said. The AICPA cited the “potential detrimental impact” of other provisions.
AICPA gives Gold Medal Award of Distinction to Mintzer
Andrew Mintzer, CPA, a firm leader in Los Angeles, was presented with the highest honor granted by the organization.
AICPA, NASBA approve new CPA licensure path
Amendments to the Uniform Accountancy Act add a third pathway to CPA licensure: a bachelor’s degree, two years of professional experience, and passing the CPA Exam.
Features
SPONSORED REPORT
Preparing clients for new provisions next tax season
As the 2025 filing season approaches, H.R. 1 introduces significant tax reforms that CPAs must be prepared to navigate. These legislative changes represent some of the most comprehensive tax updates in recent years, affecting both individual and corporate taxpayers. This report provides in-depth analysis and guidance on H.R. 1.
