Federal Tax Policy 

Advocacy That Makes a Difference

The TXCPA Federal Tax Policy Committee is dedicated to advocating for our members and the accounting profession at the national level. Our team of experienced professionals reviews federal tax legislation, regulations, and administrative pronouncements to ensure your voice is heard in Washington. Through proactive engagement, we provide thoughtful feedback and expert input to policymakers, striving to shape fair and effective tax policy that supports the needs of our members and the broader accounting community.

What We Do

  • Analyze proposed federal tax laws and regulations for their impact on our members and the profession.
  • Submit formal letters, comments, and recommendations to key government agencies and officials.
  • Keep TXCPA members informed about critical policy developments and opportunities for engagement.
  • Represent the collective expertise and interests of Texas CPAs in the federal policy-making process.

Response Letters and Articles

We are committed to transparency and keeping you updated on our advocacy efforts. View the most recent letters submitted by the Federal Tax Policy Committee, as well as articles drafted on recent federal tax issues here.

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AICPA PEEC: Revised Interpretation Tax Services

  • Published on Sep 9, 2024

    The proposal is part of the AICPA’s Professional Ethics Executive Committee (PEEC) project to harmonize with ethics standards promulgated by the International Ethics Standards Board for Accountants (IESBA). The TXCPA Professional Standards Committee (PSC) agrees with the proposal to revise the existing “Tax Services” interpretation to include tax advisory and tax planning services. However, the PSC does not agree with the addition of the advocacy threat when evaluating tax services for independence. The PSC does not believe that members performing tax services, such as tax return preparation, representation in administrative proceedings and representation in court services to an attest client, would compromise a member’s independence.


    Read the full comment here. View TXCPA PSC comment letter here.

    • Question

      Why This Matters

      This incredibly important work helps ensure that tax regulations and accounting standards are fair, practical, and serve the public interest. Discourse with regulatory bodies during rulemaking can make a huge impact on our economic well-being.

    • Feedback

      A Public Service

      Providing feedback to standard setting and regulatory bodies on proposed rules is of crucial importance. Accounting professionals provide a grassroots perspective from those who understand the wider ramifications of rules compliance.

    • Hand pointing with motion lines

      We Need You!

      Volunteerism is at the heart of our all our advocacy efforts. Fresh faces and new perspectives are always much welcome - and much needed. Make your voice heard and make a difference!

      Volunteer

    What TXCPA is doing

    Browse through our latest feedback to regulators.

    AICPA PEEC: Revised Interpretation Tax Services

    • Published on Sep 9, 2024

      The proposal is part of the AICPA’s Professional Ethics Executive Committee (PEEC) project to harmonize with ethics standards promulgated by the International Ethics Standards Board for Accountants (IESBA). The TXCPA Professional Standards Committee (PSC) agrees with the proposal to revise the existing “Tax Services” interpretation to include tax advisory and tax planning services. However, the PSC does not agree with the addition of the advocacy threat when evaluating tax services for independence. The PSC does not believe that members performing tax services, such as tax return preparation, representation in administrative proceedings and representation in court services to an attest client, would compromise a member’s independence.


      Read the full comment here. View TXCPA PSC comment letter here.