Certain and Immediate Estate Tax Relief Act of 2007

HR 1360 (Non-resident Telecommuter Taxation), HR 1591 (Non-resident Alien Provision), HR 2206 (Tax Preparer Standards, Non-resident Alien Provision), HR 2345 (Economic Substance), S 785 (Non-resident Telecommuter Taxation), S 832 (Regulation of Preparers), S 1321 (Confidentiality and Penalty Provisions), HR 3359 (Mobile Workforce State Income Tax and Simplification Act), HR 4318 (Restore Tax Preparer Standard at "Substantial Authority"), S 2242 (Economic Substance) HR 3970 (Economic Substance), HR 3997 (Expatriation), HR 2419 (Economic Substance), HR 3970 (Economic Substance), HR 3056 (Expatriation Tax), HR 3396 (Expatriation Tax), S 2345 (Expatriation Tax), HR 3170 (Estate Tax), HR 3475 (Estate Tax), HR 4172 (Estate Tax), HR 4235 (Estate Tax), HR 4242 (Estate Tax), H.R. 6049 (Tax Preparer Penalties), S. 2851 (Tax Preparer Penalties), H.R. 5719 (Tax Preparer Penalties and Listed Property - Communication Devices), S. 2668 (Listed Property - Communication Devices), H.R. 5450 (Listed Property - Communication Devices), H.R. 6081 (Tax Expatriation), S. 1219 (Taxpayer Protection and Assistance Act of 2007), H.R. 5716 (Taxpayer Bill of Rights Act of 2008), S. 3335 (Extenders; Tax Preparer Penalties), HR 1424 (Tax Prepare Penalties), Estate & Trust Administrative Costs (Knight v. CIR)

Client expense: $1,288,791 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), SENATE

H.R. 6275, Alternative Minimum Tax Relief Act of 2008 H.R. 6049, Renewable Energy and Job Creation Act of 2008 H.R. 3221, Housing and Economic Recovery Act of 2008 (enacted as Public Law 110-289) H.R. 5267, Business Activity Tax Simplification Act of 2008 H.R. 6601, Small Business Tax Modernization Act of 2008 H.R. 6899, Comprehensive American Energy Security and Consumer Protection Act: Title VIII provisions on Energy Tax Incentives H.R. 1023/S. 777, Withholding Tax Relief Act of 2007, provisions on 3%Tax Withholding Law H.R. 3056, Tax Collection Responsibility Act, provisions on Withholding Delay, Prohibition on Private Debt Collection H.R. 5719, Taxpayer Assistance and Simplification Act of 2008: provisions on Withholding Delay, Prohibition on Private Debt Collection S. 2519, Contracting and Tax Accountability Act of 2007, provisions on Tax Delinquency for Contractors Tax Delinquency FAR Case 2006011: Tax certifications by contractors S. 2668, To amend the Internal Revenue Code of 1986 to remove cell phones from listed property under section 280F H.R. 3997, Emergency Economic Stabilization Act of 2008: all tax provisions and proposals H.R. 5351, Renewable Energy and Energy Conservation Tax Act of 2008, including the repeal of oil and gas tax credits. Senate Budget Resolution for FY2009: all tax provisions and proposals H.R. 3996, Temporary Tax Relief Act of 2007, including bonus depreciation and increased expensing. Estate/ Death Tax Issues H. R. 4172, To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500,000. H. R. 3475, To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1-year termination of the estate tax, and for other purposes. H.R. 2380, To make the repeal of the estate tax permanent. H.R. 4235, Estate Tax Reduction Act of 2007 H.R. 4242, Certain and Immediate Estate Tax Relief Act of 2007 H.R. 3170, To make permanent the individual income tax rates for capital gains, and for other purposes. S.1726/H.R. 5267, Business Activity Tax Simplification Act of 2007. S.AMDT.4160 to S.CON.RES.70 To provide tax relief to middle-class families and small businesses, property tax relief to homeowners. S.AMDT.4170 to S.CON.RES.70 To protect families, family farms and small businesses by extending the income tax rate structure, raising the death tax exemption to $5 million and reducing the maximum death tax rate to no more than 35%; to keep education affordable by extending the college tuition deduction; and to protect senior citizens from higher taxes on their retirement income, maintain U.S. financial market competitiveness, and promote economic growth by extending the lower tax rates on dividends and capital gains. S.AMDT.4191 and S.AMDT.4372 to S.CON.RES.70 To protect small businesses, family ranches and farms from the Death Tax by providing a $5 million exemption, a low rate for smaller estates and a maximum rate no higher than 35%. Research and Development Tax Credit Issues S.AMDT.4348 to S.CON.RES.70 including the portion on extending expiring tax provisions such as the R&D Tax Credit. S. 2209, Research Credit Improvement Act of 2007 H.R. 1712, Research and Development Tax Credit Act of 2007 S. 41, Research Competitiveness Act of 2007 S. 2318, AMT Repeal and Tax Freedom S. 2293, Individual Alternative Minimum Tax Repeal Act of 2007 H.R. 4351, AMT Relief Act of 2007 S. 2199, Offshore Deferred Compensation Reform Act of 2007 H.R. 5267, Offshore Deferred Compensation Reform Act of 2007 H.R. 5140, Economic Stimulus Act of 2008, including the bonus depreciation, increased expensing and the tax portions of this Act H.R. 5109, Economic Growth Act S. 2592, A bill to amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth Senator Specter Proposal to Promote Economic Growth (not introduced) H.R. 5720, Housing Assistance Tax Act S. 2821, Clean Energy Tax Stimulus Act H.R. 6049, Energy and Tax Extender Act of 2008 H.R. 6275, Alternative Minimum Tax Relief Act of 2008 H.R. 2642, War Supplemental: tax provisions and proposals S. 3125, Energy Independence and Tax Relief Act of 2008 S. 3044, Consumer-First Energy Act of 2008 H.R. 6601, Small Business Tax Modernization Act of 2008 H.R. 6617, Strengthening Communities Through Education and Integration Act of 2008 U.S. income tax treaties with Canada and Iceland New tax convention with Bulgaria H.R. 5793, the Cell Tax Fairness Act of 2008

HR 25 - "Fair Tax Act of 2007" - --Fundamental tax reform's implications for companies and life insurance plans HR 150 - "Life Insurance Employee Notification Act" - --Corporate-owned Life Insurance HR 411 - "To amend the Internal Revenue Code of 1986 to make permanent certain temporary provisions applicable to individuals, including the sales tax deduction, the child credit, the repeal of the estate tax, and the deduction for higher education expenses" - Estate tax reform HR 1810 - "To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies" - Life/non-life consolidation HR 1929 - "To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax" - Estate tax reform HR 2380 - "To make the repeal of the estate tax permanent" - Estate tax reform S 14 - "A bill to repeal the sunset on certain tax rates and other incentives and to repeal the individual alternative minimum tax, and for other purposes" - Estate tax reform S 1025 - "Fair Tax Act of 2007" - Fundamental tax reform S 1111 - "Fair Flat Tax Act of 2007" - Fundamental tax reform's implications for companies and life insurance products S 1366 - "A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other" -Life/non-life consolidation HR 377 - "Insuring Families for Their Future Act of 2007" - Dollar limitation on employer-provided group term life insurance HR 3361/S 1974 - "Pension Protection Technical Corrections Act of 2007" - Monitoring all provisions to prepare for practical implications HR 4172 - "To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500.000" - Estate tax reform HR 4235 - "Estate Tax Reduction Act of 2007" - Estate tax reform HR 4242 - "Certain and Immediate Estate Tax Relief Act of 2007" - Estate tax reform HR 4042 - "Family Farm, Small Business and Home Tax Relief Act" - Estate tax reform S 1994 - "To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax" - Estate tax reform HR 3170 - "To make permanent the individual income tax rates for capital gains, and for other purposes" - Estate tax reform HR 3475 - "To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1 year termination of the estate tax, and for other purposes" - Estate tax reform HR 4839/HR 4195/S 2374 - "Tax Technical Corrections Act of 2007" - Monitoring all provisions to prepare for practical implications HR 3970 - "Tax Reduction and Reform Act of 2007" - Fundamental tax reform's implications for companies and life insurance products

H.R.150 - Life Insurance Employee Notification Act. Issue: effects of company owned life insurance. H.R.1810 - To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies. Issue: restrictions on life only solicitation. S.1366 -A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other. H. R. 3170 - To make permanent the individual income tax rates for capital gains, and for other purposes. Issue: restrictions on life only solicitation. H.R.3970 - Tax Reduction and Reform Act of 2007. Issue: corporate tax changes. H.R.4159 - Simplified USA Tax Act of 2007. Issue: taxation of life insurance products. H.R. 1424 Energy Economic Stabilization Act 2008. Issue: taxation in life insurance companies. H.R. 7242 Pension Protection Act IRC Amendments of 2008. Issue: LTC/ Annuity combo clarification. TRACKING: H.R.411 -To amend the Internal Revenue Code of 1986 to make permanent certain temporary provisions applicable to individuals, including the sales tax deduction, the child credit, the repeal of the estate tax, and the deduction for higher education expenses. H.R.2380 - To make the repeal of the estate tax permanent. S.14 - A bill to repeal the sunset on certain tax rates and other incentives and to repeal the individual alternative minimum tax, and for other purposes. H. R. 4172 - To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500,000. H. R. 4235 - Estate Tax Reduction Act of 2007 H. R. 4242 - Certain and Immediate Estate Tax Relief Act of 2007 H. R. 4042 - Family Farm, Small Business, and Home Tax Relief Act S. 1994 - To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax. H. R. 3475 - To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1-ear termination of the estate tax, and for other purposes. S.CON.RES.70 An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2009 and including the appropriate budgetary levels for fiscal years 2008 and 2010 through 2013. H.CON.RES.312 Revising the congressional budget for the United States Government for fiscal year 2008, establishing the congressional budget for the United States Government for fiscal year 2009, and setting forth appropriate budgetary levels for fiscal years 2010 through 2013. H.R.1929 -To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax.

H.R. 5351, Renewable Energy and Energy Conservation Tax Act of 2008 H. Con. Res. 312 and S. Con. Res. 70: Budget Resolution for FY2009 - all tax provisions H.R. 3996, Temporary Tax Relief Act of 2007, including bonus depreciation and increased expensing. Estate/ Death Tax Issues H. R. 4172, To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500,000. H.R.4042, Family Farm, Small Business, and Home Tax Relief Act H. R. 4235, Estate Tax Reduction Act of 2007 H. R. 3475, To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1-year termination of the estate tax, and for other purposes. H.R.2380, Death Tax Repeal Permanency Act of 2007 H.R. 4235, Estate Tax Reduction Act of 2007. H. R. 4242, Certain and Immediate Estate Tax Relief Act of 2007 H.R.3170, Capital Gains and Estate Tax Relief Act of 2007 S.1726, Business Activity Tax Simplification Act of 2007. H.R. 5267, Business Activity Tax Simplification Act of 2008. S.AMDT.4160 to S.CON.RES.70 To provide tax relief to middle-class families and small businesses, property tax relief to homeowners. S.AMDT.4170 to S.CON.RES.70 To protect families, family farms and small businesses by extending the income tax rate structure, raising the death tax exemption to $5 million and reducing the maximum death tax rate to no more than 35%; to keep education affordable by extending the college tuition deduction; and to protect senior citizens from higher taxes on their retirement income, maintain U.S. financial market competitiveness, and promote economic growth by extending the lower tax rates on dividends and capital gains. S.AMDT.4191 and S.AMDT.4372 to S.CON.RES.70 To protect small businesses, family ranches and farms from the Death Tax by providing a $5 million exemption, a low rate for smaller estates and a maximum rate no higher than 35%. Research and Development Tax Credit issues S.AMDT.4348 to S.CON.RES.70 Including the portion on extending expiring tax provisions such as the R&D Tax Credit. S. 2209, Research Credit Improvement Act of 2007. H.R. 1712, Research and Development Tax Credit Act of 2007. S. 41, Research Competitiveness Act of 2007. S. 2318, AMT Repeal and Tax Freedom. S. 2293, Individual Alternative Minimum Tax Repeal Act of 2007. H.R. 4351, AMT Relief Act of 2007. S. 2199, Offshore Deferred Compensation Reform Act of 2007. H.R. 5267, Offshore Deferred Compensation Reform Act of 2007. H.R. 2419, Farm, Nutrition, and Bioenergy Act of 2007, including the payfor, settlement and tax provisions. S.2242, Heartland, Habitat Harvest, and Horticulture Act of 2007, including the payfor, settlement and tax provisions. H.R. 5140, Economic Stimulus Act of 2008. Including the bonus depreciation, increased expensing and tax provisions H.R. 5109, Economic Growth Act. S.2592, A bill to amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth. Specter Proposal to Promote Economic Growth H.R. 1023, Withholding Relief Act H.R. 5719, Taxpayer Assistance and Simplification Act of 2008 H.R. 5720, Housing Assistance Tax Act S. 2821, Clean Energy Tax Stimulus Act H.R. 6049, Energy and Tax Extender Act H.R. 6275, Alternative Minimum Tax Relief Act of 2008 H.R. 2642, War Supplemental Appropriations bill S. 3125, Energy Independence and Tax Relief Act of 2008 S. 3044, Consumer-First Energy Act of 2008 Treaty on Taxation Between the United States and Croatia Internal Revenue Service Notice 2008-38 (Government entities required to withhold 3% on payments for services and property) H.R. 5906, Small Business Capital Expansion and Improvement Act of 2008 H.R. 3221, American Housing Rescue and Foreclosure Prevention Act of 2008 H.R. 2641, Military Construction and Veterans Affairs Appropriations of 2008, including domestic spending amendment which which would impose a 0.47% tax surcharge on individual taxpayers who make more than $500,000 and couples who make more than $1 million in adjusted gross income. S. 2886, Alternative Minimum Tax and Extenders Tax Relief Act of 2008 H.R. 3221, American Housing Rescue and Foreclosure Prevention Act of 2008: Tax Title & Crapo Amendments Nos. 5009 & 5110 S. 555, SIMPLE Cafeteria Plan Act of 2007: Entire bill S Corporation modernization proposals Energy Tax Policy: LIFO accounting method proposed legislation (not introduced) Senator Specter legislation topromoteeconomic growth (not introduced) President's FY 2009 Budget - Treasury Bluebook: Pages 61-85: Tax gap proposals S. 1140, Working American Competitiveness Act H.R. 4752, Working American Competitiveness Act H.R. 5720, Housing Assistance Tax Act of 2008: Revenue provisions H.R. 5719, Taxpayer Assistance and Simplification Act of 2008: Entire bill S. 2792, A bill to amend the Internal Revenue Code of 1986 to restore the deduction for the travel expenses of a taxpayer's spouse who accompanies the taxpayer on business travel H.R. 2419, Food and Energy Security Act of 2007: Revenue provisions H.R. 5906, Small Business Capital Expansion and Improvement Act of 2008 H.R. 5267, Business Activity Tax Simplification Act H.R. 1023, Withholding Tax Relief Act of 2007 H.R. 2881, Aviation Investment and Modernization Act of 2008: Revenue provisions H.R. 6049, Renewable Energy and Job Creation Act of 2008: Entire bill H.R. 2642, Military Construction and Veterans Affairs Appropriations Act of 2008: Amendment on "Patriot Tax Surcharge" S. 3044, Consumer-First Energy Act of 2008: Title I - Tax provisions related to oil and gas S. 777, Withholding Tax Relief Act of 2007 H.R. 1870, Contractor Tax Enforcement Act: provisions on contractor tax debts H.R. 1986, Federal Contractor Accountability Act: provisions on contractor tax debts H.R. 3056, Tax Collection Responsibility Act: provisions on Withholding Delay, Prohibition on Private Debt Collection H.R. 4881, Contracting and Tax Accountability Act of 2007: provisions on Tax delinquency for contractors S. 2519, Contracting and Tax Accountability Act of 2007: provisions on Tax delinquency for contractors Tax Delinquency FAR Case 2006011: provisions on Tax certifications by contractors Notice 2008-38, 3% Withholding Law: Treasury notice on 3% withholding law Safe, Accountable, Flexible, Efficient Transportation Equity Act of 2005: A Legacy for Users (SAFETEA-LU): Section 11113. Volumetric Excise Tax Credit for Alternative Fuels H.R. 5140, Economic Stimulus Act of 2008: Section 179 regarding expensing and bonus depreciation Proposed revenue raiser related to credit card reporting

HR6049 (tax extenders package containing offshore deferred compensation language); HR4242 (re: estate tax); Revenue Code Section 101(j) (taxation of employer-owned life insurance); HR3970 (AMT repeal and tax reform)

Client expense: $710,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

HR 1360 (Non-resident Telecommuter Taxation), HR 1591 (Non-resident Alien Provision), HR 2206 (Tax Preparer Standards, Non-resident Alien Provision), HR 2345 (Economic Substance), S 785 (Non-resident Telecommuter Taxation), S 832 (Regulation of Preparers), S 1321 (Confidentiality and Penalty Provisions), HR 3359 (Mobile Workforce State Income Tax and Simplification Act), HR 4318 (Restore Tax Preparer Standard at "Substantial Authority"), S 2242 (Economic Substance) HR 3970 (Economic Substance), HR 3997 (Expatriation), HR 2419 (Economic Substance), HR 3970 (Economic Substance), HR 3056 (Expatriation Tax), HR 3396 (Expatriation Tax), S 2345 (Expatriation Tax), HR 5716 (Regulation of Preparers), S 1219 (Regulation of Preparers), HR 3170 (Estate Tax), HR 3475 (Estate Tax), HR 4172 (Estate Tax), HR 4235 (Estate Tax), HR 4242 (Estate Tax), H.R. 6049 (Tax Preparer Penalties), S. 2851 (Tax Preparer Penalties), H.R. 5719 (Tax Preparer Penalties and Listed Property - Communication Devices), S. 2668 (Listed Property - Communication Devices), H.R. 5450 (Listed Property - Communication Devices), H.R. 6081 (Tax Expatriation), S. 1219 (Taxpayer Protection and Assitance Act of 2007), H.R. 5716 (Taxpayer Bill of Rights Act of 2008)

Client expense: $1,085,550 · Firm income: Not reported

HR 6049 (tax extenders package containing offshore deferred compensation language); HR4242 (re: estate tax); Revenue Code Section 101(j) (taxation of employer-owned life insurance); HR3970 (AMT repeal and tax reform)

Client expense: $640,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

H.R.411 -To amend the Internal Revenue Code of 1986 to make permanent certain temporary provisions applicable to individuals, including the sales tax deduction, the child credit, the repeal of the estate tax, and the deduction for higher education expenses. H.R.3970 - Tax Reduction and Reform Act of 2007 H.R.4159 - Simplified USA Tax Act of 2007 H.R.25 - Fair Tax Act of 2007 H.R.150 - Life Insurance Employee Notification Act H.R.1810 - To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies. H.R.1929 -To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax. H.R.2380 - To make the repeal of the estate tax permanent. S.14 - A bill to repeal the sunset on certain tax rates and other incentives and to repeal the individual alternative minimum tax, and for other purposes. S.1025 Fair Tax Act of 2007 S.1111 Fair Flat Tax Act of 2007 S.1366 -A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other H.R.377 -Insuring Families for Their Future Act of 2007 H.R.3361 - Pension Protection Technical Corrections Act of 2007 S.1974 - Pension Protection Technical Corrections Act of 2007 H. R. 4172 - To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500,000. H. R. 4235 - Estate Tax Reduction Act of 2007 H. R. 4242 - Certain and Immediate Estate Tax Relief Act of 2007 H. R. 4042 - Family Farm, Small Business, and Home Tax Relief Act S. 1994 - To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax. H. R. 3170 - To make permanent the individual income tax rates for capital gains, and for other purposes. H. R. 3475 - To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1-ear termination of the estate tax, and for other purposes. S.CON.RES.70 An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2009 and including the appropriate budgetary levels for fiscal years 2008 and 2010 through 2013. H.CON.RES.312 Revising the congressional budget for the United States Government for fiscal year 2008, establishing the congressional budget for the United States Government for fiscal year 2009, and setting forth appropriate budgetary levels for fiscal years 2010 through 2013.

H.R. 5351, Renewable Energy and Energy Conservation Tax Act of 2008 H. Con. Res. 312 and S. Con. Res. 70: Budget Resolution for FY2009 - all tax provisions H.R. 3996, Temporary Tax Relief Act of 2007, including bonus depreciation and increased expensing. Estate/ Death Tax Issues H. R. 4172, To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500,000. H.R.4042, Family Farm, Small Business, and Home Tax Relief Act H. R. 4235, Estate Tax Reduction Act of 2007 H. R. 3475, To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1-year termination of the estate tax, and for other purposes. H.R.2380, Death Tax Repeal Permanency Act of 2007 H.R. 4235, Estate Tax Reduction Act of 2007. H. R. 4242, Certain and Immediate Estate Tax Relief Act of 2007 H.R.3170, Capital Gains and Estate Tax Relief Act of 2007 S.1726, Business Activity Tax Simplification Act of 2007. H.R. 5267, Business Activity Tax Simplification Act of 2008. S.AMDT.4160 to S.CON.RES.70 To provide tax relief to middle-class families and small businesses, property tax relief to homeowners. S.AMDT.4170 to S.CON.RES.70 To protect families, family farms and small businesses by extending the income tax rate structure, raising the death tax exemption to $5 million and reducing the maximum death tax rate to no more than 35%; to keep education affordable by extending the college tuition deduction; and to protect senior citizens from higher taxes on their retirement income, maintain U.S. financial market competitiveness, and promote economic growth by extending the lower tax rates on dividends and capital gains. S.AMDT.4191 and S.AMDT.4372 to S.CON.RES.70 To protect small businesses, family ranches and farms from the Death Tax by providing a $5 million exemption, a low rate for smaller estates and a maximum rate no higher than 35%. Research and Development Tax Credit issues S.AMDT.4348 to S.CON.RES.70 Including the portion on extending expiring tax provisions such as the R&D Tax Credit. S. 2209, Research Credit Improvement Act of 2007. H.R. 1712, Research and Development Tax Credit Act of 2007. S. 41, Research Competitiveness Act of 2007. S. 2318, AMT Repeal and Tax Freedom. S. 2293, Individual Alternative Minimum Tax Repeal Act of 2007. H.R. 4351, AMT Relief Act of 2007. S. 2199, Offshore Deferred Compensation Reform Act of 2007. H.R. 5267, Offshore Deferred Compensation Reform Act of 2007. H.R. 2419, Farm, Nutrition, and Bioenergy Act of 2007, including the payfor, settlement and tax provisions. S.2242, Heartland, Habitat Harvest, and Horticulture Act of 2007, including the payfor, settlement and tax provisions. H.R. 5140, Economic Stimulus Act of 2008. Including the bonus depreciation, increased expensing and tax provisions H.R. 5109, Economic Growth Act. S.2592, A bill to amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth. Specter Proposal to Promote Economic Growth H.R. 1023, Withholding Relief Act H.R. 5719, Taxpayer Assistance and Simplification Act of 2008 H.R. 5720, Housing Assistance Tax Act S. 2821, Clean Energy Tax Stimulus Act H.R. 6049, Energy and Tax Extender Act H.R. 6275, Alternative Minimum Tax Relief Act of 2008 H.R. 2642, War Supplemental Appropriations bill S. 3125, Energy Independence and Tax Relief Act of 2008 S. 3044, Consumer-First Energy Act of 2008 Treaty on Taxation Between the United States and Croatia Internal Revenue Service Notice 2008-38 (Government entities required to withhold 3% on payments for services and property) H.R. 5906, Small Business Capital Expansion and Improvement Act of 2008 H.R. 3221, American Housing Rescue and Foreclosure Prevention Act of 2008 H.R. 2641, Military Construction and Veterans Affairs Appropriations of 2008, including domestic spending amendment which which would impose a 0.47% tax surcharge on individual taxpayers who make more than $500,000 and couples who make more than $1 million in adjusted gross income. S. 2886, Alternative Minimum Tax and Extenders Tax Relief Act of 2008 H.R. 3221, American Housing Rescue and Foreclosure Prevention Act of 2008: Tax Title & Crapo Amendments Nos. 5009 & 5110 S. 555, SIMPLE Cafeteria Plan Act of 2007: Entire bill S Corporation modernization proposals Energy Tax Policy: LIFO accounting method proposed legislation (not introduced) Senator Specter legislation topromoteeconomic growth (not introduced) President's FY 2009 Budget - Treasury Bluebook: Pages 61-85: Tax gap proposals S. 1140, Working American Competitiveness Act H.R. 4752, Working American Competitiveness Act H.R. 5720, Housing Assistance Tax Act of 2008: Revenue provisions H.R. 5719, Taxpayer Assistance and Simplification Act of 2008: Entire bill S. 2792, A bill to amend the Internal Revenue Code of 1986 to restore the deduction for the travel expenses of a taxpayer's spouse who accompanies the taxpayer on business travel H.R. 2419, Food and Energy Security Act of 2007: Revenue provisions H.R. 5906, Small Business Capital Expansion and Improvement Act of 2008 H.R. 5267, Business Activity Tax Simplification Act H.R. 1023, Withholding Tax Relief Act of 2007 H.R. 2881, Aviation Investment and Modernization Act of 2008: Revenue provisions H.R. 6049, Renewable Energy and Job Creation Act of 2008: Entire bill H.R. 2642, Military Construction and Veterans Affairs Appropriations Act of 2008: Amendment on "Patriot Tax Surcharge" S. 3044, Consumer-First Energy Act of 2008: Title I - Tax provisions related to oil and gas S. 777, Withholding Tax Relief Act of 2007 H.R. 1870, Contractor Tax Enforcement Act: provisions on contractor tax debts H.R. 1986, Federal Contractor Accountability Act: provisions on contractor tax debts H.R. 3056, Tax Collection Responsibility Act: provisions on Withholding Delay, Prohibition on Private Debt Collection H.R. 4881, Contracting and Tax Accountability Act of 2007: provisions on Tax delinquency for contractors S. 2519, Contracting and Tax Accountability Act of 2007: provisions on Tax delinquency for contractors Tax Delinquency FAR Case 2006011: provisions on Tax certifications by contractors Notice 2008-38, 3% Withholding Law: Treasury notice on 3% withholding law Safe, Accountable, Flexible, Efficient Transportation Equity Act of 2005: A Legacy for Users (SAFETEA-LU): Section 11113. Volumetric Excise Tax Credit for Alternative Fuels H.R. 5140, Economic Stimulus Act of 2008: Section 179 regarding expensing and bonus depreciation Proposed revenue raiser related to credit card reporting

HR 4242 - Certain and Immediate Estate Tax Relief Act of 2007 - support portion for land swap between New Mexico State Land Office and the Bureau of Land Management; working to get same legislation introduced in the Senate

Client expense: $1,340,894 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Council on Environmental Quality (CEQ), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, SENATE

HR 25 - "Fair Tax Act of 2007" - --Fundamental tax reform's implications for companies and life insurance plans HR 150 - "Life Insurance Employee Notification Act" - --Corporate-owned Life Insurance HR 411 - "To amend the Internal Revenue Code of 1986 to make permanent certain temporary provisions applicable to individuals, including the sales tax deduction, the child credit, the repeal of the estate tax, and the deduction for higher education expenses" - Estate tax reform HR 1810 - "To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies" - Life/non-life consolidation HR 1929 - "To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax" - Estate tax reform HR 2380 - "To make the repeal of the estate tax permanent" - Estate tax reform S 14 - "A bill to repeal the sunset on certain tax rates and other incentives and to repeal the individual alternative minimum tax, and for other purposes" - Estate tax reform S 1025 - "Fair Tax Act of 2007" - Fundamental tax reform S 1111 - "Fair Flat Tax Act of 2007" - Fundamental tax reform's implications for companies and life insurance products S 1366 - "A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other" -Life/non-life consolidation HR 377 - "Insuring Families for Their Future Act of 2007" - Dollar limitation on employer-provided group term life insurance HR 3361/S 1974 - "Pension Protection Technical Corrections Act of 2007" - Monitoring all provisions to prepare for practical implications HR 4172 - "To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500.000" - Estate tax reform HR 4235 - "Estate Tax Reduction Act of 2007" - Estate tax reform HR 4242 - "Certain and Immediate Estate Tax Relief Act of 2007" - Estate tax reform HR 4042 - "Family Farm, Small Business and Home Tax Relief Act" - Estate tax reform S 1994 - "To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax" - Estate tax reform HR 3170 - "To make permanent the individual income tax rates for capital gains, and for other purposes" - Estate tax reform HR 3475 - "To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1 year termination of the estate tax, and for other purposes" - Estate tax reform HR 4839/HR 4195/S 2374 - "Tax Technical Corrections Act of 2007" - Monitoring all provisions to prepare for practical implications HR 3970 - "Tax Reduction and Reform Act of 2007" - Fundamental tax reform's implications for companies and life insurance products

HR 25 - "Fair Tax Act of 2007" - --Fundamental tax reform's implications for companies and life insurance plans HR 150 - "Life Insurance Employee Notification Act" - --Corporate-owned Life Insurance HR 411 - "To amend the Internal Revenue Code of 1986 to make permanent certain temporary provisions applicable to individuals, including the sales tax deduction, the child credit, the repeal of the estate tax, and the deduction for higher education expenses" - Estate tax reform HR 1810 - "To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies" - Life/non-life consolidation HR 1929 - "To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax" - Estate tax reform HR 2380 - "To make the repeal of the estate tax permanent" - Estate tax reform S 14 - "A bill to repeal the sunset on certain tax rates and other incentives and to repeal the individual alternative minimum tax, and for other purposes" - Estate tax reform S 1025 - "Fair Tax Act of 2007" - Fundamental tax reform S 1111 - "Fair Flat Tax Act of 2007" - Fundamental tax reform's implications for companies and life insurance products S 1366 - "A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other" -Life/non-life consolidation HR 377 - "Insuring Families for Their Future Act of 2007" - Dollar limitation on employer-provided group term life insurance HR 3361/S 1974 - "Pension Protection Technical Corrections Act of 2007" - Monitoring all provisions to prepare for practical implications HR 4172 - "To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500.000" - Estate tax reform HR 4235 - "Estate Tax Reduction Act of 2007" - Estate tax reform HR 4242 - "Certain and Immediate Estate Tax Relief Act of 2007" - Estate tax reform HR 4042 - "Family Farm, Small Business and Home Tax Relief Act" - Estate tax reform S 1994 - "To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax" - Estate tax reform HR 3170 - "To make permanent the individual income tax rates for capital gains, and for other purposes" - Estate tax reform HR 3475 - "To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1 year termination of the estate tax, and for other purposes" - Estate tax reform HR 4839/HR 4195/S 2374 - "Tax Technical Corrections Act of 2007" - Monitoring all provisions to prepare for practical implications HR 3970 - "Tax Reduction and Reform Act of 2007" - Fundamental tax reform's implications for companies and life insurance products

H.R. 1023: To repeal the imposition of withholding on certain payments made to vendors by Government Entities, repeal of 3% Government Withholding provision Tax Policy: Prevention of modification to the treatment of carried interestS. 2636: Foreclosure Prevention Act of 2008 IRC Sec. 168, Depreciation of oil & gas pipelines H. Con. Res 312: FY 2009 House Budget Resolution S. 777, Withholding Tax Relief Act of 2007 S. Con. Res 21: Senate Budget Resolution - all revenue provisions Tax extender legislation, extension of research and development tax credit (not introduced) S. 2540: To amend the Internal Revenue Code to provide expensing for certain property placed in service during 2008 and 2009 Tax Day Hearing in Committee on Small Business Business Plan legislation modeled after 12 USC 3331-3351, or Title XI of FIRREA (not introduced) Estate tax, marginal income tax rates, capital gains rates Internal Revenue Code Section 4064: Gas Guzzler Tax H.R. 4881: Contracting and Tax Accountability Act of 2007 Tax Delinquency FAR Rule H.R. 5109: Economic Growth Act of 2008 26 U.S.C. 3402(t) S. Con. Res. 70: Budget Resolution FY2009 - all revenue provisions S. 2539: To amend the IRS code of 1986 to provide a special depreciation allowance for certain property placed in service during 2008 and 2009 Legislation regarding expensing of real property for small business (not introduced) H.R. 4912: To amend the Internal Revenue Code of 1986 with respect to the treatment of prepaid derivative contracts H.R. 5351, Renewable Energy and Energy Conservation Tax Act of 2008, including the repeal of oil and gas tax credits. S. 41, Research Competitiveness Act of 2007. S. 2318, AMT Repeal and Tax Freedom Act S. 2293, Individual Alternative Minimum Tax Repeal Act of 2007. H.R. 4351, AMT Relief Act of 2007. S. 2199, Offshore Deferred Compensation Reform Act of 2007. H.R. 5267, Offshore Deferred Compensation Reform Act of 2007. H.R. 2419, Farm, Nutrition, and Bioenergy Act of 2007, the "pay for," settlement and tax provisions. S.2242, Heartland, Habitat Harvest, and Horticulture Act of 2007: the "pay for," settlement and tax provisions. H.R. 5140, Economic Stimulus Act of 2008: the bonus depreciation, increased expensing and tax portions of this Act. S.2592 A bill to amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth. Senator Specter draft legislation on economic growth (not introduced) H.R. 3996, Temporary Tax Relief Act of 2007: including bonus depreciation and increased expensing provisions H. R. 4172 To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500,000. H.R.4042 Family Farm, Small Business, and Home Tax Relief Act H. R. 3475 To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1-year termination of the estate tax, and for other purposes. H.R.2380 To make the repeal of the estate tax permanent. H. R. 4242 Certain and Immediate Estate Tax Relief Act of 2007H.R.3170 To make permanent the individual income tax rates for capital gains, and for other purposes. S.1726, Business Activity Tax Simplification Act of 2007. H.R. 5267, Business Activity Tax Simplification Act of 2008. S.AMDT.4160 to S.CON.RES.70 To provide tax relief to middle-class families and small businesses, property tax relief to homeowners. S.AMDT.4170 to S.CON.RES.70 To protect families, family farms and small businesses by extending the income tax rate structure, raising the death tax exemption to $5 million and reducing the maximum death tax rate to no more than 35%; to keep education affordable by extending the college tuition deduction; and to protect senior citizens from higher taxes on their retirement income, maintain U.S. financial market competitiveness, and promote economic growth by extending the lower tax rates on dividends and capital gains. S.AMDT.4191 and S.AMDT.4372 to S.CON.RES.70 To protect small businesses, family ranches and farms from the Death Tax by providing a $5 million exemption, a low rate for smaller estates and a maximum rate no higher than 35%. Research and Development Tax Credit Issues S.AMDT.4348 to S.CON.RES.70: Including the portion on extending expiring tax provisions such as the R&D Tax Credit. S. 2209, Research Credit Improvement Act of 2007. H.R. 1712, Research and Development Tax Credit Act of 2007. Covered Official Positions Continued: Geoffrey O'Hara; Clerk, Dept. of Justice, Federal Public Defender's Office Doug Loon; Staff Director - Senate Veterans Affairs Cmte, Legislative Monitor - Senator Arlen Specter, Legislative Correspondent- Senator Arlen Specter

S. Con. Res. 70 - FY '09 Budget Resolution amendments: SA4160, SA4170, SA4191, SA4196, SA4372, and SA4378; HR4242 (re: estate tax); Revenue Code Section 101(j) (re: taxation of employer-owned life insurance); Revenue Ruling 2008-13 (re: non-qualified deferred compensation); HR3970 (and the general related subject of tax reform)

Client expense: $750,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of

HR 1360 (Non-resident Telecommuter Taxation), HR 1591 (Non-resident Alien Provision), HR 2206 (Tax Preparer Standards, Non-resident Alien Provision), HR 2345 (Economic Substance), S 785 (Non-resident Telecommuter Taxation), S 832 (Regulation of Preparers), S 1321 (Confidentiality and Penalty Provisions), HR 3359 (Mobile Workforce State Income Tax and Simplification Act), HR 4318 (Restore Tax Preparer Standard at "Substantial Authority"), S 2242 (Economic Substance) HR 3970 (Economic Substance), HR 3997 (Expatriation), HR 2419 (Economic Substance), HR 3970 (Economic Substance), HR 3056 (Expatriation Tax), HR 3396 (Expatriation Tax), S 2345 (Expatriation Tax), HR 5716 (Regulation of Preparers), S 1219 (Regulation of Preparers), HR 3170 (Estate Tax), HR 3475 (Estate Tax), HR 4172 (Estate Tax), HR 4235 (Estate Tax), HR 4242 (Estate Tax)

Client expense: $1,084,279 · Firm income: Not reported

H.R.25 - Fair Tax Act of 2007 H.R.150 - Life Insurance Employee Notification Act H.R.411 -To amend the Internal Revenue Code of 1986 to make permanent certain temporary provisions applicable to individuals, including the sales tax deduction, the child credit, the repeal of the estate tax, and the deduction for higher education expenses. H.R.1810 - To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies. H.R.1929 -To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax. H.R.2380 - To make the repeal of the estate tax permanent. S.14 - A bill to repeal the sunset on certain tax rates and other incentives and to repeal the individual alternative minimum tax, and for other purposes. S.1025 Fair Tax Act of 2007 S.1111 Fair Flat Tax Act of 2007 S.1366 -A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other S.CON.RES.21 - An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2008 and including the appropriate budgetary levels for fiscal years 2007 and 2009 through 2012. H.R.377 -Insuring Families for Their Future Act of 2007 H.R.3361 - Pension Protection Technical Corrections Act of 2007 S.1974 - Pension Protection Technical Corrections Act of 2007 H. R. 4172 - To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500,000. H. R. 4235 - Estate Tax Reduction Act of 2007 H. R. 4242 - Certain and Immediate Estate Tax Relief Act of 2007 H. R. 4042 - Family Farm, Small Business, and Home Tax Relief Act S. 1994 - To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax. H. R. 3170 - To make permanent the individual income tax rates for capital gains, and for other purposes. H. R. 3475 - To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1-ear termination of the estate tax, and for other purposes. H.R.4839 - Tax Technical Corrections Act of 2007 H.R.4195 - Tax Technical Corrections Act of 2007 S.2374 - Tax Technical Corrections Act of 2007 H.R.3970 - Tax Reduction and Reform Act of 2007 H.R.4159 - Simplified USA Tax Act of 2007 S.CON.RES.70 An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2009 and including the appropriate budgetary levels for fiscal years 2008 and 2010 through 2013. H.CON.RES.312 Revising the congressional budget for the United States Government for fiscal year 2008, establishing the congressional budget for the United States Government for fiscal year 2009, and setting forth appropriate budgetary levels for fiscal years 2010 through 2013.

HR 25 - "Fair Tax Act of 2007" - --Fundamental tax reform's implications for companies and life insurance plans HR 150 - "Life Insurance Employee Notification Act" - --Corporate-owned Life Insurance HR 411 - "To amend the Internal Revenue Code of 1986 to make permanent certain temporary provisions applicable to individuals, including the sales tax deduction, the child credit, the repeal of the estate tax, and the deduction for higher education expenses" - Estate tax reform HR 1810 - "To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies" - Life/non-life consolidation HR 1929 - "To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax" - Estate tax reform HR 2380 - "To make the repeal of the estate tax permanent" - Estate tax reform S 14 - "A bill to repeal the sunset on certain tax rates and other incentives and to repeal the individual alternative minimum tax, and for other purposes" - Estate tax reform S 1025 - "Fair Tax Act of 2007" - Fundamental tax reform S 1111 - "Fair Flat Tax Act of 2007" - Fundamental tax reform's implications for companies and life insurance products S 1366 - "A bill to amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other" -Life/non-life consolidation HR 377 - "Insuring Families for Their Future Act of 2007" - Dollar limitation on employer-provided group term life insurance HR 3361/S 1974 - "Pension Protection Technical Corrections Act of 2007" - Monitoring all provisions to prepare for practical implications HR 4172 - "To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500.000" - Estate tax reform HR 4235 - "Estate Tax Reduction Act of 2007" - Estate tax reform HR 4242 - "Certain and Immediate Estate Tax Relief Act of 2007" - Estate tax reform HR 4042 - "Family Farm, Small Business and Home Tax Relief Act" - Estate tax reform S 1994 - "To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax" - Estate tax reform HR 3170 - "To make permanent the individual income tax rates for capital gains, and for other purposes" - Estate tax reform HR 3475 - "To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1 year termination of the estate tax, and for other purposes" - Estate tax reform HR 4839/HR 4195/S 2374 - "Tax Technical Corrections Act of 2007" - Monitoring all provisions to prepare for practical implications HR 3970 - "Tax Reduction and Reform Act of 2007" - Fundamental tax reform's implications for companies and life insurance products

HR 4242 - Certain and Immediate Estate Tax Relief Act of 2007 - support portion for land swap between New Mexico State Land Office and the Bureau of Land Management; working to get same legislation introduced in the Senate

Client expense: $2,395,889 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Council on Environmental Quality (CEQ), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, SENATE

H.R.4242 Certain and Immediate Estate Tax Relief Act of 2007; Tax reform issues; Internet Tax Moratorium generally

Client expense: $2,140,000 · Firm income: Not reported

Government targets: Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE

HR 4242 - Certain and Immediate Estate Tax Relief Act of 2007 - support portion for land swap between New Mexico State Land Office and the Bureau of Land Management; working to get same legislation introduced in the Senate

Client expense: $6,319,792 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), White House Office