The American Institute of CPAs has sent a letter outlining a set of legislative proposals to the leaders of Congress’s two main tax committees, the House Ways and Means Committee and the Senate Finance Committee, recommending ways to simplify the tax laws and make them fairer.
The AICPA said in the letter it sent last week that the focus of the proposals is on provisions in the Internal Revenue Code that “are not unduly controversial” and “are technical in nature.” The 32 proposals promote simplicity and fairness, according to the AICPA, and would improve tax administration. The proposals cover a range of tax issues affecting individuals, businesses, trusts and estates, and exempt organizations.
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