Monthly Archives: April 2025

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AICPA backs bill that would add accounting to STEM program

Category:Tax News

The bipartisan bill would make accounting part of STEM, a federally funded program for science, technology, engineering, and mathematics education.


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Business advocacy group seeks destruction of millions of BOI records

Category:Tax News

The National Federation of Independent Business said in a letter to Treasury Secretary Scott Bessent that millions of beneficial ownership information (BOI) reports filed by domestic companies before the government dropped the BOI requirement should be destroyed.


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Uniform nonresident state income tax, withholding rules get AICPA support

Category:Tax News

A Senate bill would bar states from imposing tax and withholding on out-of-state workers who work for no more than 30 days within its borders. An AICPA letter described the bill as “critically important.”


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IRS can make it easier to leave assets to younger generations, AICPA says

Category:Tax News

In a letter to the IRS, the AICPA recommended changes to the final regulations for generation-skipping transfer (GST) exemption and certain GST elections that it said would make it easier and less expensive for taxpayers to file.


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IRS offers 3 voluntary separation programs as RIF gains steam

Category:Tax News

The programs include one open to the workers with the most seniority and a renewal of the previous deferred resignation program.