AICPA Provides Recommendations to Simplify Procedures for Generation-Skipping Tax Exemption
These recommendations will simplify filing for taxpayers and practitioners and will reduce the administrative burden on the IRS as well.
American Institute of CPAs (AICPA)
AICPA Offers ERC Resources as IRS Voluntary Disclosure Program Ends
As previously scheduled by the IRS, the voluntary disclosure program has come to an end. Through its various compliance efforts, the IRS has addressed over $1 billion in erroneous ERC claims.
Business Execs Say They Are Adopting Generative AI, Despite Risks
Seventy-one percent of business executives said they were at least moderately concerned about potential privacy, ethical or accuracy risks associated with the use of Generative AI tools.
Tax Tips for the 2024 Filing Season from the AICPA
As taxpayers navigate the challenges of tax season, the AICPA wants individual filers to be aware of what’s new for this filing season.
AICPA Accounting Scholars Leadership Workshop to Focus on Talent Pipeline
The goal of the workshop is to help balance representation in the accounting profession by inspiring, motivating and supporting future generations of talent from ethnically diverse backgrounds.
AICPA Provides Recommendations for Clarification on Proposed Digital Asset Transactions Regulations
The AICPA recommends that Treasury and the IRS clarify the meaning of important terms and certain examples within the section 6045 proposed regulations.
Fears of Recession Fade as Economy Continues Growth
Business decision makers reported their highest level of optimism about the U.S. economy’s prospects since the third quarter of 2021.
AICPA News – March 2024
AICPA News is a round-up of recent announcements from the American Institute of CPAs.