AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS for AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS

Labor Issues/Antitrust/Workplace LBR

Antitrust liability; Criminal records of licensees, Record Expungement Designed to Enhance Employment Act of 2019, H.R. 2410, Next Step Act of 2019, H.R. 1893; Issues related to apprenticeship programs

Contacted: Treasury, Dept of; Government Accountability Office (GAO); Internal Revenue Service (IRS); Labor, Dept of (DOL); SENATE; Patent & Trademark Office (PTO); Office of Management & Budget (OMB); HOUSE OF REPRESENTATIVES

Bills named: H.R. 2410 (116th), H.R. 1893 (116th)

Accounting ACC

Issues impacting the accounting and auditing profession; Corporate Transparency Act of 2019, H.R. 2513; ILLICIT CASH Act, S. 2563; Independence of accounting standard setting, H.R. 4565; PCAOB disciplinary proceedings, PCAOB Enforcement Transparency Act of 2019, S. 1256, draft House bill; National Defense Authorization Act for Fiscal Year 2020, H.R. 2500; Implementation of John S. McCain National Defense Authorization Act for Fiscal Year 2019, P.L. 115-222; PCAOB Whistleblower Protection Act of 2019, H.R. 3625; Issues related to disclosure requirements; Cybersecurity issues

Contacted: HOUSE OF REPRESENTATIVES; Labor, Dept of (DOL); Government Accountability Office (GAO); SENATE; Office of Management & Budget (OMB); Internal Revenue Service (IRS); Patent & Trademark Office (PTO); Treasury, Dept of

Bills named: S. 2563 (116th), H.R. 3625 (116th), S. 1256 (116th), H.R. 4565 (116th), H.R. 2513 (116th), H.R. 2500 (116th)

Taxation/Internal Revenue Code TAX

General issues related to multiple areas of the tax law and code including: Individual and corporate tax reform implementation and technical correction issues in the Tax Cut and Jobs Act, P.L.115-97, including foreign tax credits, bonus depreciation, tax shelters, qualified opportunity zones, qualified business income deduction, global intangible low-taxed income, business interest expense limitations, issues impacting exempt organizations (qualified transportation fringe benefits, UBIT, forms, and international filings), executive compensation, excess business losses, education reform, estate tax issues; S Corp transition relief, built-in gains and losses; Tax extenders; Disaster relief; Filing Relief for Natural Disasters Act, S. 1677, H.R. 2976, and Disaster Relief Act of 2019, H.R. 2145; Centralized partnership audit regime; S Corporation modernization; Education reform/savings plans, Lifelong Learning and Training Account Act of 2019, S.539; Tax administration issues, including penalty relief, organization of the IRS, practitioner services division, IRS regulation of tax return preparers, and impact of the Federal Government shutdown on the IRS; and IRS and Treasurys Priority Guidance Plan; Foreign trusts, including Form 3520 and Form 3520-A filing penalties and withholding credit for U.S. beneficiaries of a foreign trust; Mobile Workforce State Income Tax Simplification Act, S. 604; Virtual Currency; and Tax Treaties; Methods and periods issues, including bonus depreciation, UNICAP, inventoriable digital goods, automatic method changes, revenue recognition, timing of income, and international issues; Employee benefits issues, including IRS determination letter program, voluntary compliance program, self-corrections, hardship withdrawals, multiple employer plans; International issues.

Contacted: Government Accountability Office (GAO); Treasury, Dept of; Office of Management & Budget (OMB); HOUSE OF REPRESENTATIVES; Internal Revenue Service (IRS); SENATE; Patent & Trademark Office (PTO); Labor, Dept of (DOL)

Bills named: S. 604 (116th), H.R. 2145 (116th), H.R. 2976 (116th), S. 539 (116th), S. 1677 (116th)

Government Issues GOV

Federal government financial statements, Fiscal State of the Nation Resolution, H. Con. Res. 68.

Contacted: Labor, Dept of (DOL); Office of Management & Budget (OMB); Treasury, Dept of; Internal Revenue Service (IRS); SENATE; HOUSE OF REPRESENTATIVES; Patent & Trademark Office (PTO); Government Accountability Office (GAO)

Bills named: H.Con.Res. 68 (116th)

Copyright/Patent/Trademark CPT

Issues related to patent reform.

Contacted: Labor, Dept of (DOL); Patent & Trademark Office (PTO); SENATE; Government Accountability Office (GAO); Treasury, Dept of; Office of Management & Budget (OMB); Internal Revenue Service (IRS); HOUSE OF REPRESENTATIVES