IRS Practice and Procedure Advocacy
Covered here is information related to trust, estate, gift, and generation-skipping transfer (GST) tax developments, including legislative and regulatory activity and AICPA comments suggesting improvements to the trust, estate, gift, and GST tax rules.
The IRS Practice and Procedure Technical Resource Panel continues to monitor these advocacy issues.
News and Developments
Below are recent developments in this area:
- AICPA Suggests IRS Announce Upcoming Filing Season Plan for Possible January 2014 Government Shutdown
- AICPA submitted a letter and written statement on the state of the IRS and the IRS budget, February 5, 2014
Key IRS Practice and Procedure Issues
Priority Guidance Plan
- 2014-2015 Priority Guidance Plan
- AICPA Comment Letter dated May 1, 2014
Registration of Tax Preparers
Tools and information have been developed regarding the portability rules applicable to a spouse who died after 2010 and the entire applicable exclusion amount was not used.
IRS Preparer Compliance Initiative
AICPA continues to advocate to Congress for certainty and the need to extend the estate, gift, and GST current rules.
Accounting Software
AICPA continues to identify, monitor, and address various foreign trust reporting issues, including Forms 3520 and 3520A compliance.
Disclosure of Uncertain Tax Positions
AICPA continues to monitor and comment on the trust investment advisory fee rules, including on legislation and regulations.
Resources
For practice support resources in this area, visit the 
IRS Practice and Procedure Resourcespage.
It contains checklists, webinars, articles, tools and practice aids to assist members in tax practice.
