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March 18, 2025
It is Time to Plan for QOF Deferred Gain Recognition
By Janet C. Hagy, CPA-Austin
TXCPA Federal Tax Policy BlogFebruary 25, 2025
It is ha...
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March 18, 2025
Using IRS Online Communications to Avoid or Resolve Erroneous Late Response Notices
By William Stromsem, CPA, J.D.,
Department of Accountancy, George Washington University School of Business... -
March 18, 2025
AICPA Professional Ethics Executive Committee: Proposed Revisions Related to Simultaneous Employment or Association with an Attest Client
(February 21, 2025) - The Texas Society of CPAs’ Professional Standards Committee (PSC) supports the AICPA Pr...
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March 18, 2025
Addressing Misconceptions About the Evolving CPA Licensure Requirements
March 14, 2025
The CPA profession is built on a foundation of integrity, expertise, and adaptability. As the busin...
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February 21, 2025
AICPA Professional Ethics Executive Committee: Proposed Revisions Related to Simultaneous Employment or Association with an Attest Client
The Texas Society of CPAs’ Professional Standards Committee (PSC) supports the AICPA Professional Ethics Executive Committee's prop...
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January 30, 2025
SEC Approval of PCAOB Final Rules on Firm and Engagement Metrics
The Texas Society of CPAs' Professional Standards Committee (PSC) opposes SEC approval of the PCAOB's Final Rules on Firm and Engagement ...
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January 16, 2025
Ready, Set, Go ... Now Slow Down
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January 14, 2025
FASB Accounting Standards Update (ASU), Financial Instruments – Credit Losses (Sub Topic 326)
The Texas Society of CPAs' Professional Standards Committee (PSC) expressed support for the proposed Accounting Stan...
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January 14, 2025
GASB Preliminary View (PV), Infrastructure Assets
The Texas Society of CPAs' Professional Standards Committee (PSC) provided feedback on the GASB Preliminary View (PV) addressing infrastr...
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January 14, 2025
401(k), 403(b) Auto Enrollment Proposal
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January 7, 2025
CPA Pathways Legislation Filed in Texas
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January 2, 2025
BOI Enforcement Question Goes to High Court
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December 13, 2024
FASB Accounting Standards Update (ASU), Business Combinations (Topic 805) and Consolidations (Topic 810)
The Texas Society of CPAs' Professional Standards Committee (PSC) has provided feedback on the proposed Accounting S...
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December 13, 2024
FASB Accounting Standards Update (ASU), Business Combinations (Topic 805) and Consolidations (Topic 810)
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December 10, 2024
New Quality Management Standards & Peer Review
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November 20, 2024
AICPA ARSC Proposed Statement on Standards for Accounting and Review Services: Applicability of AR-C Section 70 to financial statements prepared as part of a consulting services engagement
The Texas Society of CPAs' Professional Standards Committee (PSC) submitted comments to the AICPA ARSC regarding the...
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November 20, 2024
AICPA ARSC Proposed Statement on Standards for Accounting and Review Services: Applicability of AR-C Section 70 to financial statements prepared as part of a consulting services engagement
We appreciate the opportunity to provide feedback on the proposed Statement on Standards for Accounting and Review Services (SSARS), Appl...
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November 7, 2024
FASB Compensation - Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606)
This letter is a response from the TXCPA Professional Standards Committee (PSC) regarding the proposed Accounting St...
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September 9, 2024
FASB | ASU: Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606)
The purpose of the proposed ASU is to address stakeholders’ concerns about the application of derivative accou...
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September 9, 2024
AICPA PEEC: Revised Interpretation Tax Services
The proposal is part of the AICPA’s Professional Ethics Executive Committee (PEEC) project to harmonize with e...
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.