The American Institute of CPAs told the Internal Revenue Service and the Treasury Department of its strong opposition to tax patents in a letter commenting on proposed regulations.
The letter to Linda Stiff, acting commissioner of the IRS, and Eric Solomon, assistant secretary of tax policy at the Treasury Department, was prompted by proposed regulations on patents as reportable transactions under Sections 6011 and 6111 of the Tax Code.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access