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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TXCPA Committee Suggests Reducing the Administrative Burden of K-2 and K-3 Filings

  • Published on Mar 18, 2025

February 6, 2025

Recently, TXCPA’s Federal Tax Policy Committee issued a letter to the IRS on concerns with burdensome compliance requirements. The committee supports the IRS’s efforts to identify activity with high compliance risk and to make certain partners with international tax issues provide information needed to prepare accurate tax returns. However, the current requirements for Schedules K-2 and K-3 have not set the right balance between enforcement and administrative burden. The committee offered recommendations to assist the IRS in reducing the taxpayer burden associated with filing Schedules K-2 and K-3 without reducing the ability to identify returns with foreign activity tax compliance risk.

See the letter: Domestic Filing Exception Letter

 

 

 

  • 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.

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    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!

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What TXCPA is doing

Browse through our latest feedback to regulators.

TXCPA Committee Suggests Reducing the Administrative Burden of K-2 and K-3 Filings

  • Published on Mar 18, 2025

February 6, 2025

Recently, TXCPA’s Federal Tax Policy Committee issued a letter to the IRS on concerns with burdensome compliance requirements. The committee supports the IRS’s efforts to identify activity with high compliance risk and to make certain partners with international tax issues provide information needed to prepare accurate tax returns. However, the current requirements for Schedules K-2 and K-3 have not set the right balance between enforcement and administrative burden. The committee offered recommendations to assist the IRS in reducing the taxpayer burden associated with filing Schedules K-2 and K-3 without reducing the ability to identify returns with foreign activity tax compliance risk.

See the letter: Domestic Filing Exception Letter