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Dear Ann Landers.

DEAR ANN LANDERS

Ann Landers, in her April 8, 1990, column, included a letter from an accountant who quoted two paragraphs from the passive loss regulations. Ann responded, "What you have sent would be hilarious if it weren't so dumb. Every accountant who is fed up with this totally incomprehensible gobbledygook should tear this column out of the paper, scribble across it |I agree' and send it to the AICPA." She continued, "If a huge number of letters arrive, they will be forwarded to Chicago's own Dan Rostenkowski, chairman of the House Ways and Means Committee, which is where all these laws are written. You can bet your bottom dollar that Danny Boy will put an end to this craziness."

In the first week after the column appeared, the AICPA received over 10,000 responses, which were then presented to Congressman Rostenkowski (D-Ill.).

According to Arthur S. Hoffman, chairman of the AICPA federal tax executive committee, "If the tax law is made simpler for the great mass of taxpayers, the tax gap would surely narrow." Hoffman praised Rostenkowski for requesting submissions of simplification proposals as part of a major tax simplification study and said the AICPA will submit a comprehensive package of tax simplification recommendations in response.
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Title Annotation:response to column on passive loss regulations
Publication:Journal of Accountancy
Date:Jun 1, 1990
Words:207
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