The American College of Tax Counsel is a nonprofit professional association of tax lawyers in private practice, in law school teaching positions and in government, who are recognized for their excellence in tax practice and for their substantial contributions and commitment to the profession. The purposes of the College are:

• To foster and recognize the excellence of its members and to elevate standards in the practice of the profession of tax law;
  
• To facilitate scholarly discussions and examination of tax policy issues; and
  
• To provide additional mechanisms for input by tax professionals in development of tax laws and policy.
  
  

The College is composed of Fellows (approximately 700) in number chosen by their peers in recognition of their outstanding reputations and contributions in the field of tax law, and is governed by a Board of Regents consisting of one Regent from each federal judicial circuit and two Regents at large.