AICPA - American Institute of Certified Public Accountants
01/06/2026 | Press release | Distributed by Public on 01/07/2026 03:36
2026 Tax Policy & Advocacy Comment Letters
Tax Policy & Advocacy letters, testimony and related documents for 2013, 2014, 2015, 2016, 2017,2018,2019, 2020, 2021,2022, 2023, 2024 and 2025.
January 5, 2026 - AICPA Comment Letter Recommends Automating Section 1033 Extension Requests
The AICPA's first comment letter of 2026 recommends that the IRS develop an automated procedure to process extension requests for taxpayers affected by federally declared disasters to replace involuntarily converted property under section 1033. The recommended process would significantly reduce the IRS's need to allocate resources to these types of requests and afford taxpayers certainty when attempting to replace property destroyed by disasters.
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