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News you can use on tax regulations, court decisions, legislation, and practice management.

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As a tax practitioner, you may have contemplated adding personal financial planning services to your practice. There is a natural progression to go from being your client's most trusted tax advisor to also being their most trusted personal financial advisor. But you have questions: will it be profitable? How do I get started? What are other CPA firms doing? All of these questions are addressed in a new research study published by the AICPA's PFP Section that can show you how to expand your services into this lucrative niche area that is a great compliment to your tax practice.

The Personal Financial Planning Section of AICPA and Moss Adams LLP are pleased to announce the results of their first joint study of CPA financial planning and advisory practices- AICPA/Moss Adams CPA Financial Planning Practice Study.

Click here for more information

 
Tax Home > Resources > Individual > Legislation

Legislation

This section contains legislative issues and comments regarding individual taxation.


The AICPA Testifies Before the House Small Business Committee on Ways to Modernize the Tax Code
On April 10, 2008, in testimony before the US House of Representatives’ Small Business Committee, the AICPA proposed changes to the taxation of S corporations, partnerships, the AMT, and estates. Learn More>>


AICPA Urges Congress to Repeal the Individual AMT

The attached testimony by Joseph W. Walloch, Incoming Chair of the ITRP, details the AICPA position of complete repeal of the AMT.  If complete repeal is not possible because of the large loss of revenue to the federal government, the AICPA testimony offers a baker’s dozen of recommended solutions which we believe would reduce or eliminate most of the complexity and unfair impact of the AMT as currently imposed.  Our recommendations include eliminating personal exemptions, state income taxes, medical expenses, and miscellaneous itemized deductions including job related costs as AMT preferences as well as allowing all personal credits against the AMT. Learn More>>

 

AICPA Individual AMT Proposal

This proposal reflects the revised position of the AICPA on the individual alternative minimum tax. Learn More>>

AICPA Comments on S. 723, The SIMPLE Cafeteria Plan Act of 2005

June 21, 2005. This letter to the U.S. Senate contains AICPA comments on S. 723, The SIMPLE Cafeteria Plan Act of 2005. Learn More>>

AICPA Comments on H.R. 1186, The Alternative Minimum Tax Repeal Act of 2005

May 23, 2005. These comments regarding H.R. 1186, The Alternative Minimum Tax Repeal Act of 2005 were submitted by AICPA for consideration by House members. Learn More>>

AICPA, ABA, TEI Urge More Tax Simplification Provisions for 2004

March 25, 2003. The AICPA, the American Bar Association Section of Taxation, and the Tax Executives Institute submitted this letter to the Secretary of the Treasury expressing support for simplification provisions included in the Administration's 2004 budget package. Learn More>>