AICPA, ABA Urge Extensive Changes to Proposed Transition Tax Rules

The American Institute of Certified Public Accountants (AICPA) and the American Bar Association (ABA) Section of Taxation are urging the IRS to make extensive changes to proposed “transition tax” rules.Transition TaxThe Tax Cuts and Jobs Act (TCJA) ( P.L....

Rettig Wants to Modernize IRS and Continue to Implement TCJA

IRS Commissioner Charles Rettig gave his first speech since being confirmed as the 49th chief of the Service at the American Institute of CPAs (AICPA) November 13 National Tax Conference in Washington, D.C. “You’re going to see things [I do] and go, ‘I can’t...