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

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, tax shelters, qualified opportunity zones, global intangible low-taxed income, interest expense limitations, excess business losses, education reform, estate tax issues; Tax extenders; Disaster relief; 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 Mobile Workforce State Income Tax Simplification Act, S. 604.

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

Bills named: S. 604 (116th), S. 539 (116th)

Accounting ACC

Issues impacting the accounting and auditing profession; Formation agent and related beneficial ownership issues; Independence of accounting standard setting; Implementation of John S. McCain National Defense Authorization Act for Fiscal Year 2019, P.L. 115-222; Issues related to disclosure requirements; Cybersecurity issues

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

Labor Issues/Antitrust/Workplace LBR

Antitrust liability; Issues related to apprenticeship programs

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

Government Issues GOV

Federal government financial statements

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