ISCPA Monday Takeaway

Idaho Society DC Hill Visits

I am so proud of our group. ISCPA Board Members Nate Strong, Mick Armstrong, Farrell Steiner and I visited with the Idaho Congressional delegation last week. It went incredibly well and it was very valuable for congressmen to talk with CPA constituents one-on-one.

We touched on four topics during our meetings:

#1 - Fiscal State of the Nation

We asked our Idaho Legislators to consider co-sponsoring the FISCAL STATE of THE NATION RESOLUTION. We explained how the accounting profession strongly supports this resolution, believing it will foster additional transparency regarding the information included in the federal government’s financial report and provide Congress with an important perspective on the nation’s fiscal health beyond the perspective provided by the annual federal budget.

#2 - IRS Disaster Relief

Currently, the IRS’s authority to grant deadline extensions, outlined in section 7508A, is limited to taxpayers affected by federally-declared disasters - not state declared.

New legislation, that we asked our members of Congress to cosponsor, would grant the IRS specific authority to quickly postpone certain deadlines in response to state-declared disasters.

#3 - IRS Modernization

Modernizing the IRS has been a topic of discussion for years. This year, on April 18, the IRS announced a multi-year plan, the IRS Integrated Modernization Business Plan , to modernize its IT systems to deliver quality service to taxpayers while keeping taxpayer data safe. The plan focuses on taxpayer experience and services, enforcement, and modernized IRS operations.

One of the strategic goals is to “collaborate with external partners proactively to improve tax administration.” We asked Legislators to support the efforts to add an IRS Practitioner Services Division to help achieve this goal and improve tax practitioner experience.

#4 - Taxation of the Digitalized Economy

We gave our Congressmen the AICPA Policy Paper, to start the discussion on taxation in the digital economy.

The Organization for Economic Cooperation and Development (OECD) plans to develop a global consensus solution by 2020. AICPA is actively engaged and our ISCPA Council Members are a great resource for our Congressional delegation, if they have questions or need further information. Email Laura if you'd like a copy of the paper.

PLEASE REGISTER ASAP ISCPA Annual Meeting

The Agenda includes:

AICPA State Regulatory & Legislative Affairs updates - let's talk about protecting your license!

ISCPA's Business Meeting

Speed Reading & Memory Techniques - If these tips save me even 20 minutes a day - it will be time well spent to learn!

It's 4 credits for $25! This is a GREAT deal!

Plus, half of all registrations go towards the ISCPA Scholarship Fund. Win-Win!

Friday, JUNE 14 in Boise • 7:30am - 1:00pm

PLEASE REGISTER NOW!

Use this link for GROVE HOTEL partner rate.

P lease get your rooms ASAP, availability is always limited in June.

If you'd like to be removed from the Monday Takeaway weekly newsletter, please update your profile by clicking here - and unselect this communication.

The ISCPA MEMBER DISCOUNT PAGE is a fantastic avenue for discounts and savings for Society Members. Check it out!