Simply Tax® Episode 114: AICPA Advocacy Updates: Penalty Relief & More

Thoughtware Podcast Published: Dec 09, 2020
Presenters/Guests
Melanie Lauridsen
Topics
Simply Tax Episode 114

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The American Institute of CPAs (AICPA) Tax Policy & Advocacy Team and volunteer members continually monitor and advocate on legislative, regulatory, and administrative tax matters—and 2020 has been an exceptionally busy year. In this episode, guest Melanie Lauridsen, AICPA tax policy and advocacy senior manager, joins host Damien Martin to share what the team has been up to and provide an update on penalty relief and the electronic signature program. Here’s what’s covered:

  • Who is Melanie Lauridsen @3:14
  • Penalty relief for late filing and late payment @05:32
  • AICPA recommendations for the IRS @10:34
  • How the IRS responded to AICPA recommendations @17:39
  • The latest on IRS penalty relief @20:07
  • Guidance regarding electronic signatures @21:50
  • Permanent relief vs. temporary relief @24:28
  • Forthcoming permanent solution for power of attorney forms @30:40
  • Continuation of temporary relief for next filing season @32:36
  • Key focus areas moving forward @33:46
  • Comment letter process @34:51
  • Closing thoughts @36:16

BIO FOR GUEST

Melanie LauridsenMelanie Lauridsen is a senior manager of the AICPA Tax Policy & Advocacy Team in Washington, D.C., whose mission is to serve the public interest by helping AICPA members be the most trusted professional providers of tax services, while also advocating sound tax policy and effective administration. Melanie is currently the staff liaison for the IRS Advocacy & Relations Committee.

Connect with Melanie on LinkedIn

ADDITIONAL RESOURCES

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