Coalition Urges Congress to Ban Tax Strategy Patents

In the past few years, the United States Patent and Trademark Office have been issuing patents for tax strategies, which have generated much attention and controversy. A combination of various organizations, including the AICPA, has written to members of Congress asking for a ban on the patenting of tax strategies.

The letter states that tax strategy patents “pose a significant threat to taxpayers and their advisors,” and encourages Congress to prohibit them. These organizations have listed several problems associated with the patents on tax strategies such as the limitations placed on taxpayers, the effects on some taxpayers, burdens on tax advisors, and more. The letter also addresses the Bilski case, which is currently pending before the Supreme Court.

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