AICPA tax priorities and wins in the budget bill now with the House

Melanie Lauridsen, the AICPA’s vice president–Tax Policy & Advocacy, joined the JofA podcast early Wednesday to provide context on the fast-moving budget bill that was approved by the Senate on Tuesday and is being discussed in the House today.

Lauridsen detailed some tax-related priorities of the AICPA and state societies. She also explained the aspects of the Senate bill that are most likely to face opposition in the House.

On a topic separate from the budget bill, Lauridsen summarized the key points of the national taxpayer advocate’s midyear report to Congress.

In a May JofA episode, Lauridsen explained why certain provisions were being prioritized by the AICPA.

What you’ll learn from this episode:

· The latest on the Senate version of the massive budget bill, H.R. 1, the One Big Beautiful Bill Act.

· Lauridsen’s thoughts on the bill being approved by the House for the president’s signature by the July 4th holiday.

· What tax-specific provisions from the Senate-approved version of the bill are most likely to be examined by the House.

· Highlights of the national taxpayer advocate’s midyear report to Congress.