Simply Tax Episode 89: SALTY CPAR

Simply Tax Episode 89

SUBSCRIBE: iTunes | Android | RSS

We’ve been working with the centralized partnership audit regime (CPAR) for more than a year, but key challenges remain regarding the application of federal rules at the state level. In this episode, you’ll find out why it matters and how the American Institute of CPAs (AICPA) and other organizations are advocating for taxpayers and tax practitioners. AICPA Senior Manager Eileen Sherr sits down with host Damien Martin to discuss the Multistate Tax Commission’s (MTC) Model Uniform Statute and Regulation for Reporting Adjustments to Federal Taxable Income and Federal Partnership Audit Adjustments (model statute) aimed at unifying state approaches to the centralized partnership audit procedures. Learn which states are considering and enacting legislation that addresses the significant changes under the CPAR. Take a look at what’s covered:

  • Meet Eileen Sherr @01:14
  • Overview of the CPAR @02:14
  • State considerations @04:41
    • Key players and contributions @08:57
    • Description of the MTC’s model statute @09:57
    • The desire for flexibility @14:11
    • Why a model statute is important @15:35
    • How the AICPA is advocating for taxpayers and tax practitioners @19:50
  • Eileen’s experience creating the model and expectations for the future @23:30
  • How listeners can get involved @22:26
  • What we’ve seen so far in 2020 @25:45

BIO FOR GUEST

Eileen Sherr, CPA, CGMA, is a senior manager on the AICPA’s Tax Policy & Advocacy Team in Washington, D.C. She assists with the development and implementation of the AICPA’s tax policy and advocacy, including the formulation, review and submission to Congress, the U.S. Department of the Treasury and the IRS of tax technical and policy recommendations. Eileen also plays a key role in the development of the AICPA’s testimony for tax-related congressional hearings. She represents the AICPA with various state tax-related organizations, including the MTC, the Council on State Taxation and the Tax Executives Institute. Eileen staffs several tax committees, including the AICPA’s Trust, Estate and Gift Tax Technical Resource Panel and the State and Local Tax Technical Resource Panel. She also writes and presents on emerging tax legislative and regulatory issues, usually through interactions with government officials, other organizations and the media.

Follow Eileen on Twitter
Connect with Eileen on LinkedIn

ADDITIONAL RESOURCES

GET MORE SIMPLY TAX

We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.

A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to SimplyTax@bkd.com.

Connect with Damien on social media!
LinkedIn | Twitter | Instagram | YouTube

Kate & Ben — How can we help you? Contact Us!

How can we help you?