On December 27, 2006, the American Institute of CPAs (AICPA) submitted a proposed revenue ruling that it would like the IRS to issue concerning health insurance for the S corporation owner.1 Many of the tax laws in this country evolve in precisely this way: A taxpayer or taxpayer group (in this case, the AICPA) drafts a law, regulation, or ruling and submits it to lawmakers or the IRS for consideration. If the lawmaker or the IRS likes the idea, the ... Log in to view full article.