ncCPAp, which advocates on issues that affect Certified Public Accountants and their clients, discussed various types of state and local taxes and the impact they had on taxpayers and tax collectors alike. This included testimony on income taxes of individuals and other entities; the related financial planning and estate planning issues faced by these individuals and other entities; employment taxes; and state and local sales and use taxes.
Speaking on behalf of ncCPAp was Sanford Zinman, the organization’
“We appreciated the opportunity to address these vital concerns that relate to taxes,” Zinman said. “The issues regarding the impact of Federal tax provisions – which provide revenue benefits and obligations to the states – are broad and wide ranging. Our tax code is complex and affects all segments of the population.”
He added, “This hearing was an opportunity to possibly play a role in influencing what we hope to be a more equitable tax code.”
Previously, Senator Max Baucus (D-MT) invited former ncCPAp president Carol Markman as a ncCPAp representative to testify before the same committee regarding the future of individual tax rates. Markman discussed the impact of phasing out itemized deductions and personal exemptions for individual taxpayers.
Also at the April 25th hearing were committee members Max Baucus (D-MT) (Chairman) and Orrin G. Hatch (R-UT) (Ranking Member), both of whom were scheduled to give statements.
The hearing began at 10:00 a.m., and took place at 215 Dirksen Senate Office Building.
ABOUT NATIONAL CONFERENCE OF CPA PRACTITIONERS (ncCPAp)
The National Conference of CPA Practitioners (ncCPAp) is a professional organization that advocates on issues that affect the Certified Public Accountants (CPA) in Public Practice, small businesses and individual taxpayers located throughout the United States. ncCPAp estimates that its members serve more than 500,000 businesses and individual clients. ncCPAp monitors and influences tax administration and tax policy by meeting with state taxing authorities as well as Internal Revenue Service representatives along with state and national elected officials. In addition, the association provides a platform for its members to exchange ideas and information on managing and running a successful practice in today’s competitive environment. http://www.nccpap.org