AICPA Vice President Available to Discuss Tax Provisions In President’s Plan for Economic Growth and Deficit Reduction

September 21, 2011

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WASHINGTON--(BUSINESS WIRE)-- The Plan for Economic Growth and Deficit Reduction recently released by President Obama to reduce the federal deficit offers a view into the specific tax provisions Congress may enact before the end of the year.

Edward Karl, vice president of taxation for the American Institute of Certified Public Accountants, is available to discuss, either on the record or for background purposes, what taxpayers should know and how they should plan as the deficit reduction debate continues.

Individual and business tax provisions that lawmakers may consider include:

Individual:
Personal income tax rates
Itemized deductions
Long-term capital gains
Qualified dividends
Estate tax
Carried interests

Business:
Payroll taxes
Expensing for capital expenditures
Worker classification
Accounting for inventory

About AICPA

The American Institute of Certified Public Accountants (www.aicpa.org), founded in 1887, is the world’s largest association representing the accounting profession, with nearly 377,000 members in 128 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting; membership is also available to accounting students and CPA candidates. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination.

The AICPA maintains offices in New York, Washington, DC, Durham, N.C., Ewing, N.J. and Lewisville, Texas.

Media representatives are invited to visit the AICPA Press Center at www.aicpa.org/press.
Follow us on Twitter at www.twitter.com/AICPANews.

CONTACT:

American Institute of Certified Public Accountants (AICPA)
Shirley Twillman, 202-434-9220
stwillman@aicpa.org

KEYWORDS: United States North America District of Columbia

INDUSTRY KEYWORDS: Small Business Public Policy/Government Congressional News/Views Other Policy Issues Public Policy White House/Federal Government Professional Services Accounting Finance

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