The American Institute of CPAs has released a nonpartisan tax reform report, titled, "Understanding Tax Reform: A Guide to 21 st Century Alternatives." The report is meant as an overview to understanding major issues in the debate over making changes to the country's system.

"Tax reform is much tougher to accomplish than it is to envision," said AICPA president and chief executive Barry Melancon, in a statement. "However, the CPA profession has an unmatched understanding and knowledge of tax reform issues. It also will explain some of the most onerous problems for taxpayers that will occur during what we believe will be a very difficult transition from one system to the next."

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