Tax professionals don’t like surprises and they don’t like non-billable hours. Regulation changes consume a lot of time and bring about the risk of errors. The right technology to stay on top of change can help keep the surprises to a minimum and let you focus on your clients.
The American Institute of CPAs suggested more than 30 changes to the Internal Revenue Service for the Form 990, Return of Organization Exempt from Income Tax, and its instructions, some of them marked as urgent.
The Internal Revenue Service and the Treasury Department are asking the public to recommend items that should be included on their 2018-2019 Priority Guidance Plan, with the expectation that the new tax law will be at the top of the list.