Monitor legislative and regulatory activity related to trust, estate, and gift tax matters. Suggest areas for modifications to simplify and clarify trust, estate and gift and generation skipping transfer tax provisions. Provide oversight for task forces created to address improvements to tax law, regulatory rules and tax process relating to trust, estate, and gift tax matters. Maintain appropriate relationships with the IRS, Treasury, Congress and other government officials. Collaborate with other organizations, such as the American Bar Association, the American College of Trust and Estate Counsel, and the American Bankers Association, as appropriate. Act as a resource to assist the other committees, technical resource panels and task forces, as appropriate, on trust, estate and gift tax matters, including collaborating with other AICPA groups (e.g., Personal Financial Planning division, Forensic and Valuation Services).
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