AICPA backs bill that would add accounting to STEM program
Category:Tax NewsThe bipartisan bill would make accounting part of STEM, a federally funded program for science, technology, engineering, and mathematics education.
The bipartisan bill would make accounting part of STEM, a federally funded program for science, technology, engineering, and mathematics education.
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.
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.”
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.
The programs include one open to the workers with the most seniority and a renewal of the previous deferred resignation program.