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A look towards the horizon for potential tax legislation

A look towards the horizon for potential tax legislation

Tax Section Odyssey

May 25, 202117m 33s

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Show Notes

The past 15 months have been a whirlwind in the tax arena with several COVID-19 relief packages introducing new tax provisions and enhancements to older ones now passed and packed away. President Biden, his administration and Congress are turning their attention to more permanent legislative tax reform measures.

On this Tax Section Odyssey episode, April Walker, CPA, CGMA, Lead Manager – AICPA Tax Section, sits down with Lauren Pfingstag, Director of AICPA Congressional & Political Affairs, to discuss the possibilities of tax legislation in the near future.

What you'll learn in this episode

  • Broad overview of what's included in the various proposals (0.49)
  • Outlook regarding the regulation of tax return preparers and the AICPA's position on such regulation (3.00)
  • Three potential tax proposal scenarios considering competing political forces and procedural limitations (6.11)
  • Timing and likelihoods for tax legislation (13.30)

AICPA resources

Resources

  • GovTrack – Tracks the United States Congress and publishes the status of federal legislation and information about members of Congress.

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This episode is brought to you by the AICPA's Tax Section, your home base to maintain your professional edge. To learn more about the Tax Section, check out aicpa.org/tax or sign up for a free web tour.