Tax Policy & Advocacy letters, testimony and related documents for 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024 and 2025.
January 15, 2026 - AICPA Letter of Support for Working Families Tax Relief Act
The AICPA sent a letter to Representative Sara Jacobs (D – California) and Senator Amy Klobuchar (D – Minnesota) to express support for introduction of companion bills H.R. 6645/S. 3432, the Working Families Disaster Tax Relief Act. The legislation would allow individuals impacted by federally declared disasters to elect the prior year’s earned income for purposes of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC).
January 5, 2026 - AICPA Comment Letter Recommends Automating Section 1033 Extension Requests
The AICPA’s first comment letter of 2026 recommends that the IRS develop an automated procedure to process extension requests for taxpayers affected by federally declared disasters to replace involuntarily converted property under section 1033. The recommended process would significantly reduce the IRS’s need to allocate resources to these types of requests and afford taxpayers certainty when attempting to replace property destroyed by disasters.