The AICPA recently submitted a letter to the IRS containing 182 suggestions regarding the 2023-2024 Guidance Priority List.
As the agency works to provide additional guidance as stated in the IRS Strategic Operating Plan, the AICPA encourages the IRS to issue guidance in certain areas.
The AICPA also encouraged the IRS and Treasury Department to continue pursuing tax simplification, recognizing the balance needed for competing interests and concerns when drafting guidance. Read more.