AICPA Sends IRS Recommendations on Priority Guidance Plan

The American Institute of CPAs (AICPA) submitted recommendations to the Internal Revenue Service (IRS) on May 1 about what the AICPA believes should be included in the Service’s 2015-2016 Priority Guidance Plan (Notice 2015-27).
 
The AICPA made recommendations on a wide range of domestic and international tax issues related to individuals, businesses and exempt organizations, including health care, retirement and other benefits; employment taxes; executive compensation; trusts and estates; consolidated returns; corporations and their shareholders; partnerships and S corporations.
 
The tax issues that are selected by the IRS and the Department of the Treasury for inclusion in the Priority Guidance Plan are the issues that the agencies expect to work on during the period from July 1, 2015 to June 30, 2016.
 
About the AICPA
The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 400,000 members in 145 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.
 
The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management Accountant (CGMA) designation which sets a new standard for global recognition of management accounting.
 
The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.