AICPA opposes restrictions in tax discounts

The American Institute of CPA (AICPA) has repeated its position against the restrictions offered for a certain service artisans or enterprises (SSTBs), a great beautiful law (SSTB).

The corpse sent a second letter to the financial and home roads and home roads, and it stressed that the ‘worried’ needs changes to the tax offers.

In the letter, AICPA said: “Sensitive to challenges in the development of a budget reconciliation document in the preparation of a budget reconciliation, and balancing the interests of individual and business taxpayers.

“When supporting the parts of the legislation, there are significant concerns on several provisions in the bill, including the transportation of certain ventures. This result contradicts the intentions of a great beautiful law, which increases small businesses.”

AICPA, including SSTBs, including SSTBs, research or salt called to remove salt in research or trade activities.

This action is adapted to tax discounts and the original intention of the business act and sanctioned by the internal income service.

The current home version of the bill is criticized to target SSTBs unfairly by restricting salt capabilities.

AICPA also appealed to the risks of conventional fee regulations in taxation, he said they could abuse.

They always recommended to give up an adjustment that can always ban the loss of work without guarantee income.

The letter warned against the laws preventing the formation of work-based business-based work.

AICPA, for example, 529 plan for legal expenditures, supported the bill for the tax relief for affected individuals and enterprises affected by natural disasters, for the discount of qualified business income.

They also helped protect the reporting method and protecting funds to increase the reporting limit of 1099-K.

In addition, AICPA confirmed the constant extensions of the provisions that offer international tax rates and more certainty and clarity.

In addition, the approved legislation, the principles of good tax policy and shared a collection of proposals to facilitate the internal income code and offer a technical point of view.

AICPA Tax Policy and Third Vice President Melanie Lauridsen said: “We are grateful to the congress for many provisions in the bill, and the injustice of certain types of enterprises may affect the business decision and the economy.