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Tax Home > Resources > Tax Accounting > Regulation and Administration > AICPA Suggestions to Improve Change-of-Accounting-Method Requests
AICPA Suggestions to Improve Change-of-Accounting-Method Requests

 January 31, 2008

Mr. George J. Blaine

Associate Chief Counsel (Income Tax and Accounting)

Internal Revenue Service

Ben Franklin Station, P.O. Box 7604

Washington, DC 20044

 

Re:     Comments on Notice 2007-88 – New Procedures for Filing Accounting Method Changes

 

Dear Mr. Blaine:

 

The American Institute of Certified Public Accountants (AICPA) offers the enclosed comments suggesting improvements for processing accounting method change (CAM) requests. These comments were developed by the Form 3115 Task Force of the AICPA’s Tax Accounting Technical Resource Panel and approved by the Tax Executive Committee.

 

Our suggestions focus on reducing the current backlog of CAM requests, primarily by replacing the present CAM approval process with a two-track system under which the great majority of CAM requests could be handled in a more expeditious fashion.

 

If you would like to discuss these proposals further, please contact me at jeffrey.hoops@ey.com; or Les Schneider, Chair, AICPA Form 3115 Task Force, at lschneider@ipbta.com; or George White, AICPA Technical Manager, at gwhite@aicpa.org.

 

Sincerely,

 

Jeffrey R. Hoops

Chair, Tax Executive Committee

 

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Copyright © 2008 by the American Institute of Certified Public Accountants, Inc., New York, New York.