IRS, Treasury Should Work To Simplify Taxes, CPA Group Says

In the next priority guidance plan, the IRS and Treasury Department need to simplify tax processes, the American Institute of CPAs said in a May 24 letter.

The IRS and Treasury Department issued Notice 2022-21, soliciting comments and recommendations on what to include in the 2022-2023 priority guidance plan.

AICPA’s detailed letter recommended more guidance and revisions related to the 2017 tax law, the 2019 retirement legislation known as the SECURE Act, and the 2020 CARES Act dealing with pandemic relief. The letter offered more than 150 points on domestic and foreign issues, including ...