AICPA Advocacy

TOPICS

January 30, 2025

‘A big tax year’: What practitioners need to know now

An AICPA tax leader updates listeners on the status of beneficial ownership information reporting, explains advocacy focus areas related to proposed Circular 230 regulations, and discusses the issues that would need to be negotiated to produce an extension of the Tax Cuts and Jobs Act. Listen to the podcast episode or read the Q&A.

January 30, 2025

AICPA supports Senate discussion draft to help taxpayers, preparers

An AICPA news release mentioned 13 provisions in the bipartisan draft that have its strong support, including ones dealing with tax filing by victims of disasters, electronic notices, and callback technology.

January 24, 2025

Executive order’s hiring freeze causes IRS to cancel some job offers

The IRS said President Donald Trump’s executive order calling for a hiring freeze caused it to rescind all jobs offered with a start date after Feb. 8.

January 24, 2025

FinCEN says BOI reporting remains on hold

The Financial Crimes Enforcement Network (FinCEN) said Friday that while the U.S. Supreme Court did stay one nationwide injunction, one issued by a different judge in a separate case remains in effect.

January 10, 2025

Plaintiffs ask Supreme Court to reject DOJ’s BOI request

In response to the Justice Department’s application for a stay of a district court injunction related to beneficial ownership information reporting, the plaintiffs claim that staying the injunction would harm reporting companies more than it would help the government.

January 9, 2025

AICPA tax policy and advocacy successes: 2024 highlights

It’s worth pausing to reflect on the AICPA’s successes in advocating for the profession with Congress and the IRS during 2024.

December 23, 2024

Injunction lifted; FinCEN extends most BOI deadlines to Jan. 13

The Fifth Circuit Court of Appeals on Monday granted a Justice Department motion to lift an injunction imposed by a district court ruling. Hours later, FinCEN announced, in light of the court decision, that the Jan. 1, 2025, reporting deadline was extended to Jan. 13 for most reporting companies.

December 20, 2024