I have returned from several days with the AICPA in Washington, DC where we were able to meet with members of Congress and propose some timely changes to the tax code. Every year, members of the American Institute of Certified Public Accountants (AICPA) travel to Washington, DC to bring ideas of how to make our tax code simpler and more beneficial for taxpayers. This year we brought some major issues that we are hoping to see progress on.
One of our priorities is the Tax Return Due Date Simplification and Modernization Act of 2013. This act would change some of the return due dates for pass-through entities in order to create a more logical progression. This will help, for example, when K-1 forms arrive late. This bill has bi-partisan support.
We are also working on getting the Mobile Workforce State Income Tax Simplification Act of 2013 passed. This bill would help companies who do small projects in other states. Often times these small jobs result in a tax filing requirement that costs more to comply with for both the state and business than the resulting tax revenue. The bill has bi-partisan support and passed the House last year. We are hoping the Senate will take it up this year.
I was able to meet with several senior staff and members of Congress including Northeast Florida’s own Ron De Santis to discuss many of these AICPA priorities. However, the best way to effect change in the tax code is for everyday taxpayers such as our clients and readers to contact Washington, DC and voice your concerns.