The CPA Advocate - Archived Articles 2019

• AICPA submits comments on IRS guidance related to exempt organizations under the Tax Cuts and Jobs Act
• AICPA submits recommendations to IRS on tax reform administrative relief

• AICPA commends House sponsors for supporting the Fiscal State of the Nation
• Alabama and Washington adopt CPE reciprocity

• AICPA comments on accounting methods for small business taxpayers
• AICPA submits recommendations to IRS on application of excise taxes with respect to donor advised funds

• AICPA submits comments to Treasury and IRS on guidance concerning adjustments attributable to conversions from S Corp to C Corp
• AICPA releases working drafts on accounting issues for implementing FASB’s new credit loss standard

• AICPA and NASBA help launch new coalition to protect professional licensing
• AICPA responds to OECD digital tax proposals
• Colorado adopts CPE reciprocity
• AICPA applauds U.S. Senate ratification of international tax treaties and protocols

• AICPA testimony encourages the DOL’s Employee Benefit Security Administration to educate plan administrators on the financial statement audit process
• AICPA responds to independent Brydon Review into the quality and effectiveness of audit in the United Kingdom
• AICPA comments on FASB’s proposed changes to income tax disclosures
• AICPA urges U.S. Senate to confirm bilateral income tax treaties and protocols
• AICPA offers recommendations on 2019-2020 IRS guidance priority list

May 2019

• AICPA panels submit comments to GASB on leases guidance
• AICPA makes recommendations to IRS about automatic consent for accounting method changes
• Maryland eases regulatory burden on out-of-state CPA firms
• AICPA applauds introduction of legislation to allow IRS to postpone deadlines faster for victims of disaster
• AICPA comments on IRS rules for qualified transportation fringe benefits
• CPAs visit Capitol Hill to discuss issues important to accounting profession

April 2019

• AICPA comments on guidance regarding qualified business income deduction
• CPA mobility makes moves in Hawaii
• AICPA asks IRS to update instructions for form taxpayers use to report limitation on business losses
• Eleventh Circuit Court of Appeals affirms decision in auditor liability case 
• AICPA supports Minnesota Society of CPAs’ efforts on partnership audit legislation 
• AICPA comments to IRS on proposed foreign tax credit regulations
• AICPA Auditing Standards Board makes recommendations on Agreed-Upon Procedures Engagements

March 2019

• CPA profession leads in defeat of taxes on services 
• AICPA writes Treasury and IRS about guidance for limitations on excess business losses for noncorporate taxpayers
• South Dakota becomes 52nd jurisdiction to adopt the comprehensive definition of attest 
• AICPA comments on proposed TCJA estate and gift tax regulations
• CPA firms’ data security threatened in state legislatures 
• AICPA panels submit comments to GASB on financial reporting model improvements and fiduciary activities

February 2019

• New Jersey and Wyoming reduce regulatory barrier for CPA firms
• AICPA urges relief for certain small businesses from definition of tax shelter
• AICPA comments on proposed tax regulations for investing in Qualified Opportunity Zones
• AICPA supports FASB proposal to give not-for-profits more options
• AICPA files amicus brief on auditor liability

January 2019

• Calling CPAs to serve as AICPA Key Persons
• Cutting red tape – occupational licensing reform moving in Arizona and other states
• AICPA sends recommendations to Treasury and IRS about proposed GILTI regulations
• AICPA comments on the SEC’s List of Rules to be Reviewed Pursuant to the Regulatory Flexibility Act
• State legislative trends in 2019
• AICPA requests relief from Treasury and IRS so certain taxpayers can avoid underpayment penalties
• AICPA writes Treasury and IRS to identify challenges posed by government shutdown for taxpayers and tax preparers; calls for additional penalty relief for taxpayers