The American Institute of CPAs has written to lawmakers on the tax-writing House Ways and Means Committee supporting their efforts to simplify the array of education tax credits available to students while suggesting several reforms of its own.
In a letter last Thursday, AICPA Tax Executive Committee chairman Jeffrey A. Porter wrote that the AICPA generally supports the education proposals of H.R. 3393, the Student and Family Tax Simplification Act, which was introduced last October by Reps. Diane Black, R-Tenn., and Danny Davis, D-Ill. Their proposals were basically incorporated into the tax reform discussion draft released in February by Ways and Means Committee chairman Dave Camp, R-Mich., Porter noted (see House Ways and Means Chairman Camp Releases Tax Reform Proposal).
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