Washington -- The National Conference of CPA Practitioners, a 26-year-old organization owned by CPAs, will head to Capitol Hill May 18-20 for talks with several House and Senate lawmakers and Internal Revenue Service representatives regarding critical tax and accounting issues.
"Our members work in the real world of accounting, and we see first hand how changes impact directly on the lives and businesses of our clients," said Carol Markman, CPA, and president of NCCPAP. "NCCPAP has been working with Congress and the IRS for more than 15 years in shaping legislation and tax policy. This year, the AMT is at the top of our wish list."
NCCPAP's position on the AMT is a complete repeal of the controversial tax. If not, the group urged that the law should be amended to exclude taxpayers with adjusted gross income below a certain threshold from having to calculate any potential AMT liability.
In addition to the AMT, NCCPAP will also meet with officials on IRA contribution phaseouts and disallowance; gains on sale of residence; employee business deductions; taxation on litigation proceeds, tax preparation and representation fees; home office deductions; and itemized medical expenses.
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