Ready, Set, Go ... Now Slow Down

The Texas House is expected to begin debate over the House rules next week, and figure out who will become leaders alongside the new Speaker.

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TXCPA Committee Urges Treasury to Delay Mandatory Electronic Payments
TXCPA’s Federal Tax Policy Committee responded to the Request for Information relating to Executive Order 14247, “Modernizing Payments To and From America’s Bank Account,” that requires a transition to fully electronic disbursements.
TXCPA Continues Advocacy on PTET Issues
TXCPA, AICPA and 52 other CPA societies sent a letter to the Senate Committee on Finance on June 6 urging the retention of the ability for all pass-through entities to deduct state and local taxes at the entity level.
Time Sensitive Communication with the IRS
The TXCPA Federal Tax Policy Committee expressed concern to the IRS about delays in the processing of time-sensitive taxpayer correspondence, often due to both postal service slowdowns and inefficiencies within the IRS.