1099K Overreach Prevention Act

Consulting services related to various general corporate tax issues and more specifically compliance tax issues impacting tax payers and tax return preparers, and also tax issues impacting low and middle individual income taxpayers which were debated during the 112th session of Congress on the following bills: - H.R. 88, Bill to amend the Internal Revenue Code of 1986 to change the deadline for income tax returns for calendar year taxpayers from the 15th of April to the first Monday of November - H.R. 1069, A bill to amend the Internal Revenue Code of 186 to provide an election to nonitemizers to have their returns prepared by the Secretary of the Treasury and for other purposes - S. 18, Small Business Paperwork Mandate Elimination Act - S. 19, American Liberty Restoration Act - S. 139, Equal Access to Tax Planning Act - S. 336, Tax Relief Certainty Act of 2011 - S. 359, Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 - H.R.1583, Taxpayer Receipt Act of 2011 - H.R. 2528, Taxpayer Freedom to File Protection Act of 2011 - S.1796, Free File Program Act of 2011 - H.R.9, Small Business Tax Cut Act - H.R.3865, College Tax Cut Extension Act of 2012 - H.R. 3877 and S. 2083, 1099K Overreach Prevention Act - H.R. 4013, Temporary Payroll Tax Cut Continuation Act of 2012 - S. 2237, Small Business Jobs and Tax Relief Act - H.R. 5630, Fighting Tax Fraud Act of 2012 - H.R. 8, the Job Protection and Recession Prevention Act of 2012 - H.R. 6169, Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012 - S. 3485, the Mobile Workforce State Income Tax Simplification Act of 2012 - S. 3521, the Family and Business Tax Cut Certainty Act of 2012

Client expense: Not reported · Firm income: $70,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Consulting services related to various general corporate tax issues, tax reform issues and health reform tax issues impacting for-profit hospitals issues which were debated during the 112th session of Congress on the following bills: H.R. 2, Repealing the Job-Killing Health Care Law Act H.R. 516, Bring Jobs Back to America Act S. 18, Small Business Paperwork Mandate Elimination Act S. 19, American Liberty Restoration Act S. 20, American Job Protection Act S. 72, Small Business Paperwork Elimination Act of 2011 S. 359, Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 H.R. 3877 and S.2083, 1099K Overreach Prevention Act S. 3485, the Mobile Workforce State Income Tax Simplification Act of 2012

Client expense: Not reported · Firm income: $20,000

H. Con. Res. 112 - FY 2013 Federal Budget The budget would substantially reduce the federal deficit by reducing federal spending levels compared to FY 2012 in the years FY 2013-2015 and substantially reducing the growth rate in federal spending thereafter. NSBA supported the outline of a tax reform plan contained in the resolution. H.R. 9 The Small Business Tax Cut Act Bill will allow businesses with fewer than 500 employees to take a tax deduction equal to 20 percentfor one yearof their active business income. This deduction also would apply to pass-through entities, which compose the majority of small businesses. NSBA supported. H.R. 25 Fair Tax Act of 2011 Legislation to abolish the Internal Revenue Service and enact a national retail sales tax. NSBA supported. H.R. 679 - Berry Amendment Extension Act This bill would require that any items purchased by the Secretary of the Department of Homeland Security (DHS) directly related to national security interests are grown, reprocessed, reused, or produced in the US, except with regard to issues of necessary quality and quantity. NSBA supported H.R. 880 - Equity for Our Nations Self-Employed Act of 2011 The bill would allow self-employed individuals to fully-deduct the cost of their health insurance, thus eliminating the self-employed tax on health care. NSBA supported. H.R. 942 American Research and Competitiveness Act of 2011 Bill would amend the Internal Revenue Code of 1986 to extend the research credit through 2012 and to increase and make permanent the alternative simplified research credit. NSBA supported. H.R. 1259 Death Tax Repeal Permanency Act of 2011 Bill to repeal the estate tax. The effective date is the date of enactment, and the bill retains step-up basis. NSBA supported. H.R. 1418 - Small Business Lending Enhancement Act of 2011 Bill would increase the cap for credit union lending from 12.25 percent to 27.5 percent of total assets of the credit union. NSBA supported. H.R. 1663 Small Business Encouragement Act Amends the Internal Revenue Code to allow small business employers whose gross receipts in the preceding taxable year did not exceed $20 million, or who did not employ more than 100 full time employees, a work opportunity tax credit for hiring unemployed individuals as full-time employees during 2012 and 2013. NSBA opposed. H.R. 1697 Communities First Act Bill would provide community bank regulatory relief. NSBA supported. H.R. 1827 Home Office Deduction Simplification Act Bill would allow home-based businesses to take a standard $1,500 deduction for home office expenses. NSBA supported. H.R. 2072 Securing American Jobs Through Exports Act of 2011 The bill reauthorizes the U.S. Export-Import Bank. It also would gradually increase the banks exposure cap from $100 billion to $160 billion; use a portion of its surplus to update information technology systems; establish clear guidelines on the content of goods and services for which it would provide financing; and require the bank to report to Congress if its default rate exceeded 2 percent. NSBA supported. H.R. 2312 - Department of Defense Textile and Apparel Procurement Fairness Act Among other things, prohibits DoD from purchasing more than 5 percent of any one textile or apparel product from the Federal Prison Industries (FPI). NSBA supported. H.R. 2501, H.R. 1113 Fair Employment Opportunity Act of 2011 Would make unemployed a protected class for discrimination law purposes. NSBA opposed. H.R. 2885 Legal Workforce Act This bill would make the use of E-Verify Mandatory for all employers. NSBA opposed. H. R. 2941 Startup Expansion and Investment Act Bill would address SarbanesOxley internal control reporting for small entities. NSBA supported. H.R. 3012 - Fairness for High-Skilled Immigrants Act Would eliminate the per-country numerical cap on the number of employment-based immigrant visas and increase the per-country numerical limitation for family-sponsored immigrant visas from 7 percent to 15 percent annually. NSBA is monitoring. H.R. 3476 AGREE Act Bill would address SarbanesOxley internal control reporting for small entities. NSBA supported. H.R. 3634 - Federal Prison Industries Competition in Contracting Act Require the Federal Prison Industries (FPI) to compete for government contracts, requires FPI to provide a detailed analysis of the probable impact on the private sector, prohibit FPI from selling products commercially, and require agencies to research private sector products based on price, quality, and time of delivery, among other things. NSBA is monitoring. H.R. 3786 Plain Regulations Act of 2012 This bill would reform the regulatory process to require the use of clear and concise language in all new government regulations. NSBA supported. H.R. 3850 - Government Efficiency Through Small Business Contracting Act of 2012 Raise the government-wide small business contracting goal from 23% to 25%, the small business subcontracting goal from 35.9% to 40%, and also prevent senior officials from receiving bonuses in subsequent years where their respective agencies failed to meet the established small business contracting goals. NSBA supported. H.R. 3851 - Small Business Advocate (SBAA) This bill would enhance the role of the Office of Small and Disadvantaged Business Utilization (OSDBU) by elevating the OSDBU Director to a Senior Executive Service position and would prohibit them from holding another position at the same time. NSBA supported. H.R. 3877 1099K Overreach Prevention Act Legislation would repeal the 1099-K reporting requirement on Schedule-C filers. Bill will statutorily remove burdensome reporting requirement by preventing the IRS from requiring new calculations by businesses on their tax returns based on the 1099-K reports. NSBA supported. H.R. 3893 - Subcontracting Transparency and Reliability (STAR) Act of 2012 Ensure that small businesses are the ones actually benefiting from the contracts set aside on their behalf. It would also allow more small businesses to partner and compete for federal contracts. NSBA supported. H.R. 3980 - Small Business Opportunity Act of 2012 Enhance the role of small-business advocates in the federal acquisition and procurement processes, create small-business contracting classes, and ensure that small business concerns are properly utilized in all applicable federal procurement and acquisition planning processes. NSBA supported. H.R. 3985 - Building Better Business Partnerships Act of 2012 This bill would allow the SBA to oversee all civilian mentor protege programs, improve small-businesses ability to win and perform on government contracts. NSBA supported. H.R. 3987 - Small Business Protection Act of 2012 Would ensure that the size standards assigned to each industry group are appropriate for each NAICS code and do not make it more difficult for small-business to compete for federal contracting opportunities. NSBA supported. H.R. 4032 - Help Entrepreneurs Create American Jobs Act Amends Section 195 of the Internal Revenue Code to increase the allowable deduction for business start-up expenses from $5,000 to $10,000, extending the 2010 temporary increase in the maximum deduction for start-up expenditures for ten years. NSBA supported. H.R. 4081 - Contractor Opportunity Protection (COP) Act of 2012 Protects small business contractors from unfair contract bundling by allowing the SBA (or a third party group if the SBA declined to appeal a decision via a GAO protest) to appeal an agencys decision to bundle contracts, clarifies statutory limits on contract bundling, and requires publication of bundling justification to increase transparency. NSBA supported. H.R. 4118 - Small Business Procurement Improvement Act of 2012 Requires federal agencies to include small business concerns in multiple award contracts, carry out a program to increase small business participation in multiple award contracts, and provide the SBA with representation on the Federal Acquisition Regulatory Council. NSBA supported. H.R. 4121 - Early Stage Small Business Contracting Act of 2012 Requires SBA administrator to create and carry out a program to provide improved access to federal contract opportunities for early-stage small business concerns. NSBA supported. H.R. 4191 - Credit Union Small Business Lending Act Establishes a separate process by which credit unions participating in the 7(a) loan program may receive approvals and repurchases regarding loan guarantees under that program, creates a credit union outreach program, and authorizes the SBA Administrator to simplify the application process for credit union participation. NSBA is monitoring. H.R. 4196 Bonus Depreciation Bill extends 100 percent bonus depreciation through the rest of this year. Bonus depreciation allows businesses of all sizes to immediately expense the cost of property purchased and placed into service. NSBA supported. H.R. 4203 - Womens Procurement Program Improvement Act of 2012 This bill would expand contracting opportunities for women-owned small business concerns. NSBA supported. H.R. 4206 - Contracting Oversight for Small Business Jobs Act of 2012 Addresses contracting fraud by helping small businesses comply with complicated contracting and size rules, and providing a safe harbor for small businesses making a good faith effort to comply with those rules. NSBA supported. H.R. 4377 RAPID Act Would improve the environmental review and permitting process by, among other things, providing concurrent reviews, allow state-level environmental reviews to be used in certain situations, consolidate the process into a single Environmental Impact Statement (EIS), and impose fixed deadlines for completion of an EIS or an Environmental Assessment (EA). NSBA supported. H.R. 4471 Gasoline Regulations Act of 2012 Bill would establish an interagency committee to analyze and report on the cumulative impact of certain EPA regulations and actions that affect gasoline, diesel fuel, natural gas prices, jobs, the economy, and other relevant issues. NSBA is monitoring. H.R. 4480 - Strategic Energy Production Act of 2012 Bill would require the development of a plan to increase oil and gas exploration, development and production under oil and gas leases on Federal lands to offset any drawdown of petroleum reserves from the Strategic Petroleum Reserve. NSBA is monitoring. H.R. 4628 - Interest Rate Reduction Act A bill to extend the current lower interest rates on federal student loans. The bill would be paid for by eliminating the unobligated balance of a controversial public fund in the 2010 health care reform law. NSBA supported. H.R. 5187 IMPACT Act Bill would, among other things, extend Production Tax Credits for renewable energy, extend the 1603 Grant Program, extend energy efficiency tax credits, provide incentives for heavy duty natural gas vehicles, and would eliminate certain tax breaks for major integrated oil companies. NSBA supported. The Domestic Energy and Jobs Act (Includes H.R. 4480, H.R. 4471, H.R. 4381, H.R. 4382, H.R. 4383, H.R. 2150, and H.R. 2752) This is a package of energy bills that will increase energy production on federal lands, require an interagency committee to conduct an analysis of certain EPA rules and actions that impact fuel prices, require the Secretary of the Interior to establish an all-of-the-above energy plan for federal lands, increase the amount of federal lands available for leasing and encourage onshore oil development and exploration, ensure development of oil and natural gas reserves in the National Petroleum Reserve Alaska, and authorize the BLM to conduct Internet-based auctions for onshore leases. NSBA is monitoring. S. 13 Fair Tax Act of 2011 Legislation to abolish the Internal Revenue Service and enact a national retail sales tax on the use or consumption in the United States of taxable property or services. It sets the sales tax rate at 23 percent in 2011, with adjustments to the rate in subsequent years. NSBA supported. S. 474 Small Business Regulatory Freedom Act Bill would reform the regulatory process and ensure that job creation by small businesses is considered during the Federal legislative and rulemaking process. NSBA supported. S. 509 The Small Business Lending Enhancement Act Bill would amend the Federal Credit Union Act to advance the ability of credit unions to promote small business growth and economic development opportunities. NSBA supported. S.727 Bipartisan Tax Fairness and Simplification Act of 2011 Comprehensive tax reform legislation with provisions consolidating tax brackets for individuals and businesses while at the same time lowering federal tax obligations, in part through a single, flat 24 percent corporate rate. NSBA is monitoring. S. 1289 Taxpayer Advocacy and Government Accountability Promotion Act Bill targets noncompliant tax filers with provisions to improve tax forms and tax administration and decrease tax avoidance by contractors, as a way to reduce the tax gap. NSBA is monitoring. S. 1471 -- Fair Employment Opportunity Act of 2011 Would make unemployed a protected class for discrimination law purposes. NSBA opposed. S. 1547 Export-Import Bank Reauthorization Act of 2011 The bill amends the Export-Import Bank Act of 1945 to extend the termination of functions date for the Export-Import Bank of the United States to September 30, 2015. NSBA supported. S. 1590 - Fairness for Small Businesses in Federal Contracting Act of 2011 Requires the SBA and Federal Acquisition Regulatory Council to replace the North American Industrial Classification System (NAICS) with a new small business size classification system. NSBA is monitoring. S. 1600 Communities First Act Bill would provide community bank regulatory relief. NSBA supported. S. 1736 Acquisition Savings Reform Act of 2011 Bill aims to streamline the federal procurement process by requiring online reverse auctions, consider strategic sourcing vehicles in procurement of commercial items, and direct the FAR council to amend the FAR to reflect the government-wide policy to pay small business concerns as quickly as possible, among other things. NSBA is monitoring. S. 1866 AGREE Act Bill would address SarbanesOxley internal control reporting for small entities. NSBA supported. S. 1965 Startup Act Provides capital gains and income tax incentives to incentivize entrepreneurs and facilitate the growth of new start-ups, creates a new STEM visa for up to foreign students and establishes a new category of visas for immigrant entrepreneurs, requires a cost-benefit analysis of all proposed federal regulations with an economic impact of $100 million or more, requires certain federal agencies to redirect .15 percent of their extramural budget for grant programs for American universities, and creates the State Startup Business Report. NSBA is monitoring. S. 2114 - Berry Amendment Extension Act Requires that any items purchased by the Secretary of the Department of Homeland Security (DHS) directly related to national security interests are grown, reprocessed, reused, or produced in the US, except with regard to issues of necessary quality and quantity. NSBA supported. S. 2172 Fairness in Women-Owned Small Business Contracting Act of 2012 Bill would eliminate the cap on women entrepreneurs and allow women-owned businesses to receive sole source contracts, among other things. NSBA is monitoring. S. 2231 The Small Business Lending Enhancement Act Bill would amend the Federal Credit Union Act to advance the ability of credit unions to promote small business growth and economic development opportunities. NSBA is monitoring. S. 2237 Small Business Jobs and Tax Relief Act of 2012 Bill is designed to give small businesses a 10-percent income tax credit on new payroll for hiring new workers or increasing employee wages and will allow businesses to fully deduct the cost of significant investments made this year. The $26 billion in tax cuts would be temporary and apply only to 2012 wages and investments. NSBA is monitoring. S.2242 Death Tax Repeal Permanency Act of 2012 Bill to repeal the estate tax. The effective date is the date of enactment, and the bill retains step-up basis. NSBA supported. S. 2337 Plain Writing Act for Regulations for 2012 Bill would reform the regulatory process to require the use of clear and concise language in all new government regulations. NSBA supported. S.2343 Stop the Student Loan Interest Rate Hike Act of 2012 A bill to extend the current lower interest rates on federal student loans. The measure would pay for the interest rate extension by ending an exemption that allows high-income earners who run S-Corps to shield some of their income from payroll taxes. NSBA opposed the pay-for in this bill. S. 3194 Small Business Common Application Act Bill would require a 12-member executive committee to review the feasibility of a common (or single) application for small businesses to use when applying for federal funding opportunities. NSBA is monitoring. S. 3275 Master Limited Partnerships (MLPs) Parity Act Bill would allow MLPs to invest in renewable energy projects. NSBA is monitoring. Proposed Small Business Prompt Payments Act Bill would require OMB and SBA to consult with the FAR Counsel and propose new rules, if necessary, to accelerate payments to small business suppliers and subcontractors. NSBA supported. Proposed Fraudulent Misuse of Patent Reexaminations / Post Grant Reviews Bill Bill would close the integrity loophole in the patent reexamination and post grant review process. NSBA supported. Proposed AIA Technical Corrections Bill Bill would make technical corrections to certain provisions of the America Invents Act (AIA). NSBA is monitoring this legislation. EEOC - NSBA opposes efforts to treat educational attainment requirements as discrimination. NSBA opposes efforts to limit employer criminal background checks. DOC / NOAA Fishery Management Plan for Regulating Offshore Marine Aquaculture in the Gulf of Mexico This plan would establish rules concerning a permitting process for offshore aquaculture in the Gulf of Mexicos EEZ. NSBA opposes this plan.

H.R. 87, To Repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act H.R. 557, Consumer Financial Protection Oversight Act of 2011 H. R. 572, Providing for consideration of the bill (H.R. 3606) to increase American job creation and economic growth by improving access to the public capital markets for emerging growth companies H.R. 1070 / S. 1544, Small Company Capital Formation Act of 2011 H.R. 1148, Stop Trading on Congressional Knowledge Act H.R. 1573, To facilitate implementation of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption H.R. 1610, Business Risk Mitigation & Price Stabilization Act of 2011 H.R. 1838, To repeal a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act prohibiting any Federal bailout of swap dealers or participants H.R. 1840, To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders H.R. 1965, To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes H.R. 2167 / S. 1824, Private Company Flexibility and Growth Act H.R. 2308, SEC Regulatory Accountability Act H.R. 2308, SEC Regulatory Accountability Act H.R. 2586, Swap Execution Facility Clarification Act H.R. 2682, Business Risk Mitigation and Price Stabilization Act of 2011 H.R. 2779, To exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act H.R. 2930, Entrepreneur Access to Capital Act H.R. 3336, Small Business Credit Availability Act H.R. 2940 / S. 1831, Access to Capital for Job Creators Act H.R. 3527, Protecting Main Street End-Users From Excessive Regulation H.R. 3336, Small Business Credit Availability Act H.R. 3527, Protecting Main Street End-Users From Excessive Regulation H.R. 3606, Jumpstart Our Business Startups H.R. 3877 / S. 2083, 1099K Overreach Prevention Act H.R. 4014 / S. 2099, To amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection H.R. 4088, Capital Expansion Act S. 712, Financial Takeover Repeal Act of 2011 S. 746, Dodd-Frank Repeal Act of 2011 S. 947, A Bill to Provide End User Exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes S. 1650, Dodd-Frank Improvement Act of 2011 S. 1791, Democratizing Access to Capital Act of 2011 S. 1933, Reopening American Capital Markets to Emerging Growth Companies Act of 2011 S. 2373, SEC Regulatory Accountability Act Various issues relating to implementation of P.L. 111-203, The Dodd-Frank Wall Street Reform and Consumer Protection Act, including proposals to alter derivatives provisions; implementation of P.L. 111-24, The Credit Card Accountability Responsibility and Disclosure Act of 2009, including the ability to pay provisions; regulation of money market mutual funds; the proposed Volcker Rule; Commodity Futures Trading Commissions Derivatives Regulations; reconciliation of merchant card and third-party payments; transparent financial reporting

Consulting services related to various general corporate tax issues, tax reform issues and health reform tax issues impacting for-profit hospitals issues which were debated during the 112th session of Congress on the following bills: H.R. 2, Repealing the Job-Killing Health Care Law Act H.R. 516, Bring Jobs Back to America Act S. 18, Small Business Paperwork Mandate Elimination Act S. 19, American Liberty Restoration Act S. 20, American Job Protection Act S. 72, Small Business Paperwork Elimination Act of 2011 S. 359, Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 H.R. 3877 and S.2083, 1099K Overreach Prevention Act

Client expense: Not reported · Firm income: $20,000

Consulting services related to various general corporate tax issues, tax reform issues and health reform tax issues impacting for-profit hospitals issues which were debated during the 112th session of Congress on the following bills: H.R. 2, Repealing the Job-Killing Health Care Law Act H.R. 516, Bring Jobs Back to America Act S. 18, Small Business Paperwork Mandate Elimination Act S. 19, American Liberty Restoration Act S. 20, American Job Protection Act S. 72, Small Business Paperwork Elimination Act of 2011 S. 359, Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 H.R. 3877 and S.2083, 1099K Overreach Prevention Act

Client expense: Not reported · Firm income: $25,000

Consulting services related to various general corporate tax issues and more specifically compliance tax issues impacting tax payers and tax return preparers, and also tax issues impacting low and middle individual income taxpayers which were debated during the 112th session of Congress on the following bills: - H.R. 88, Bill to amend the Internal Revenue Code of 1986 to change the deadline for income tax returns for calendar year taxpayers from the 15th of April to the first Monday of November - H.R. 1069, A bill to amend the Internal Revenue Code of 186 to provide an election to nonitemizers to have their returns prepared by the Secretary of the Treasury and for other purposes - S. 18, Small Business Paperwork Mandate Elimination Act - S. 19, American Liberty Restoration Act - S. 139, Equal Access to Tax Planning Act - S. 336, Tax Relief Certainty Act of 2011 - S. 359, Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 - H.R.1583, Taxpayer Receipt Act of 2011 - H.R. 2528, Taxpayer Freedom to File Protection Act of 2011 - S.1796, Free File Program Act of 2011 - H.R.9, Small Business Tax Cut Act - H.R.3865, College Tax Cut Extension Act of 2012 - H.R. 3877 and S. 2083, 1099K Overreach Prevention Act - H.R. 4013, Temporary Payroll Tax Cut Continuation Act of 2012 - S. 2237, Small Business Jobs and Tax Relief Act - H.R. 5630, Fighting Tax Fraud Act of 2012

Client expense: Not reported · Firm income: $60,000

H.R. 9 - The Small Business Tax Cut Act Bill will allow businesses with fewer than 500 employees to take a tax deduction equal to 20 percent-for one year-of their active business income. This deduction also would apply to pass-through entities, which compose the majority of small businesses. NSBA is monitoring this legislation. H.R. 25 Fair Tax Act of 2011 Legislation to abolish the Internal Revenue Service and enact a national retail sales tax. NSBA supported. H.R. 679 - Berry Amendment Extension Act This bill would require that any items purchased by the Secretary of the Department of Homeland Security (DHS) directly related to national security interests are grown, reprocessed, reused, or produced in the US, except with regard to issues of necessary quality and quantity. NSBA supported H.R. 880 - Equity for Our Nations Self-Employed Act of 2011 The bill would allow self-employed individuals to fully-deduct the cost of their health insurance, thus eliminating the self-employed tax on health care. NSBA supported. H.R. 942 American Research and Competitiveness Act of 2011 Bill would amend the Internal Revenue Code of 1986 to extend the research credit through 2012 and to increase and make permanent the alternative simplified research credit. NSBA supported. H.R. 1070 Small Company Capital Formation Act of 2011 Bill would provide a Regulation A ceiling increase from $5 million to $50 million. NSBA supported. H.R.1081 Consumers Payment System Protection Act Bill would delay the implementation of the Durbin swipe-fee reform amendment to the Dodd-Frank Act. NSBA opposed. H.R. 1137 Small Business Credit Card Act of 2011 Bill would amend the Truth in Lending Act to provide coverage for credit cards issued to small businesses. NSBA supported. H.R. 1259 Death Tax Repeal Permanency Act of 2011 Bill to repeal the estate tax. The effective date is the date of enactment, and the bill retains step-up basis. NSBA supported. H.R. 1418 - Small Business Lending Enhancement Act of 2011 Bill would increase the cap for credit union lending from 12.25 percent to 27.5 percent of total assets of the credit union. NSBA supported. H.R. 1663 Small Business Encouragement Act Amends the Internal Revenue Code to allow small business employers whose gross receipts in the preceding taxable year did not exceed $20 million, or who did not employ more than 100 full time employees, a work opportunity tax credit for hiring unemployed individuals as full-time employees during 2012 and 2013. NSBA opposed. H.R. 1697 Communities First Act Bill would provide community bank regulatory relief. NSBA supported. H.R. 1812 Small Business Growth Act Legislation would establish a federal contracting pilot program for mid-sized businesses. NSBA opposed. H.R. 1827 Home Office Deduction Simplification Act Bill would allow home-based businesses to take a standard $1,500 deduction for home office expenses. NSBA supported. H.R. 2072 Securing American Jobs Through Exports Act of 2011 The bill reauthorizes the U.S. Export-Import Bank. It also would gradually increase the banks exposure cap from $100 billion to $160 billion; use a portion of its surplus to update information technology systems; establish clear guidelines on the content of goods and services for which it would provide financing; and require the bank to report to Congress if its default rate exceeded 2 percent. NSBA supported. H.R. 2312 - Department of Defense Textile and Apparel Procurement Fairness Act Among other things, prohibits DoD from purchasing more than 5 percent of any one textile or apparel product from the Federal Prison Industries (FPI). NSBA supported. H.R. 2501, H.R. 1113 Fair Employment Opportunity Act of 2011 Would make unemployed a protected class for discrimination law purposes. NSBA opposed. H.R. 2885 Legal Workforce Act This bill would make the use of E-Verify Mandatory for all employers. NSBA opposed. H.R. 2930 Entrepreneur Access to Capital Act Bill would create a crowdfunding exemption from SEC registration requirements. NSBA supported. H.R. 2940 Access to Capital for Job Creators Bill would provide for general solicitation and general advertising for accredited investors. NSBA supported. H. R. 2941 Startup Expansion and Investment Act Bill would address Sarbanes Oxley internal control reporting for small entities. NSBA supported. H.R. 3012 - Fairness for High-Skilled Immigrants Act Would eliminate the per-country numerical cap on the number of employment-based immigrant visas and increase the per-country numerical limitation for family-sponsored immigrant visas from 7 percent to 15 percent annually. NSBA is monitoring. H.R. 3476 AGREE Act Bill would address Sarbanes Oxley internal control reporting for small entities. NSBA supported. H.R. 3606 Jumpstart Our Business Startups Act (JOBS Act) Signed into law by President Obama on April 5, 2012. This bill will delay compliance with or provide exemptions for certain registration and reporting requirements of U.S. securities laws, and also creates a crowdfunding exemption, preempting state blue sky laws. NSBA supported. H.R. 3630 Middle Class Tax Relief and Job Creation Act of 2011 The bill extends the existing 2011 payroll tax holiday for one year, through 2012, at a 4.2 percent rate. NSBA supported. H.R. 3634 - Federal Prison Industries Competition in Contracting Act Require the Federal Prison Industries (FPI) to compete for government contracts, requires FPI to provide a detailed analysis of the probable impact on the private sector, prohibit FPI from selling products commercially, and require agencies to research private sector products based on price, quality, and time of delivery, among other things. NSBA is monitoring this legislation. H.R. 3786 Plain Regulations Act of 2012 This bill would reform the regulatory process to require the use of clear and concise language in all new government regulations. NSBA supported. H.R. 3850 - Government Efficiency Through Small Business Contracting Act of 2012 Raise the government-wide small business contracting goal from 23% to 25%, the small business subcontracting goal from 35.9% to 40%, and also prevent senior officials from receiving bonuses in subsequent years where their respective agencies failed to meet the established small business contracting goals. NSBA supported. H.R. 3851 - Small Business Advocate (SBAA) This bill would enhance the role of the Office of Small and Disadvantaged Business Utilization (OSDBU) by elevating the OSDBU Director to a Senior Executive Service position and would prohibit them from holding another position at the same time. NSBA supported. H.R. 3877 1099K Overreach Prevention Act Legislation would repeal the 1099-K reporting requirement on Schedule-C filers. Bill will statutorily remove burdensome reporting requirement by preventing the IRS from requiring new calculations by businesses on their tax returns based on the 1099-K reports. NSBA supported. H.R. 3893 - Subcontracting Transparency And Reliability (STAR) Act of 2012 Ensure that small businesses are the ones actually benefiting from the contracts set aside on their behalf. It would also allow more small businesses to partner and compete for federal contracts. NSBA supported. H.R. 3980 - Small Business Opportunity Act of 2012 Enhance the role of small-business advocates in the federal acquisition and procurement processes, create small-business contracting classes, and ensure that small business concerns are properly utilized in all applicable federal procurement and acquisition planning processes. NSBA supported. H.R. 3985 - Building Better Business Partnerships Act of 2012 This bill would allow the SBA to oversee all civilian mentor protege programs, improve small-businesses ability to win and perform on government contracts. NSBA supported. H.R. 3987 - Small Business Protection Act of 2012 Would ensure that the size standards assigned to each industry group are appropriate for each NAICS code and do not make it more difficult for small-business to compete for federal contracting opportunities. NSBA supported. H.R. 4032 - Help Entrepreneurs Create American Jobs Act Amends Section 195 of the Internal Revenue Code to increase the allowable deduction for business start-up expenses from $5,000 to $10,000, extending the 2010 temporary increase in the maximum deduction for start-up expenditures for ten years. NSBA supported. H.R. 4081 - Contractor Opportunity Protection (COP) Act of 2012 Protects small business contractors from unfair contract bundling by allowing the SBA (or a third party group if the SBA declined to appeal a decision via a GAO protest) to appeal an agencys decision to bundle contracts, clarifies statutory limits on contract bundling, and requires publication of bundling justification to increase transparency. NSBA supported. H.R. 4118 - Small Business Procurement Improvement Act of 2012 Requires federal agencies to include small business concerns in multiple award contracts, carry out a program to increase small business participation in multiple award contracts, and provide the SBA with representation on the Federal Acquisition Regulatory Council. NSBA supported. H.R. 4121 - Early Stage Small Business Contracting Act of 2012 Requires SBA administrator to create and carry out a program to provide improved access to federal contract opportunities for early-stage small business concerns. NSBA supported. H.R. 4191 - Credit Union Small Business Lending Act Establishes a separate process by which credit unions participating in the 7(a) loan program may receive approvals and repurchases regarding loan guarantees under that program, creates a credit union outreach program, and authorizes the SBA Administrator to simplify the application process for credit union participation. NSBA is monitoring this legislation. H.R. 4203 - Womens Procurement Program Improvement Act of 2012 This bill would expand contracting opportunities for women-owned small business concerns. NSBA supported. H.R. 4196 Bonus Depreciation Bill extends 100 percent bonus depreciation through the rest of this year. Bonus depreciation allows businesses of all sizes to immediately expense the cost of property purchased and placed into service. NSBA supported. H.R. 4206 - Contracting Oversight for Small Business Jobs Act of 2012 Addresses contracting fraud by helping small businesses comply with complicated contracting and size rules, and providing a safe harbor for small businesses making a good faith effort to comply with those rules. NSBA supported. S. 13 Fair Tax Act of 2011 Legislation to abolish the Internal Revenue Service and enact a national retail sales tax on the use or consumption in the United States of taxable property or services. It sets the sales tax rate at 23 percent in 2011, with adjustments to the rate in subsequent years. NSBA supported. S. 474 Small Business Regulatory Freedom Act Bill would reform the regulatory process and ensure that job creation by small businesses is considered during the Federal legislative and rulemaking process. NSBA supported. S. 509 The Small Business Lending Enhancement Act Bill would amend the Federal Credit Union Act to advance the ability of credit unions to promote small business growth and economic development opportunities. NSBA supported. S.727 Bipartisan Tax Fairness and Simplification Act of 2011 Comprehensive tax reform legislation with provisions consolidating tax brackets for individuals and businesses while at the same time lowering federal tax obligations, in part through a single, flat 24 percent corporate rate. NSBA is monitoring this legislation. S. 1289 Taxpayer Advocacy and Government Accountability Promotion Act Bill targets noncompliant tax filers with provisions to improve tax forms and tax administration and decrease tax avoidance by contractors, as a way to reduce the tax gap. NSBA is monitoring the legislation. S. 1471 -- Fair Employment Opportunity Act of 2011 Would make unemployed a protected class for discrimination law purposes. NSBA opposed. S. 1544 Small Company Capital Formation Act of 2011 Bill would provide a Regulation A ceiling increase from $5 million to $50 million. NSBA supported. S. 1547 Export-Import Bank Reauthorization Act of 2011 The bill amends the Export-Import Bank Act of 1945 to extend the termination of functions date for the Export-Import Bank of the United States to September 30, 2015. NSBA supported. S. 1590 - Fairness for Small Businesses in Federal Contracting Act of 2011 Requires the SBA and Federal Acquisition Regulatory Council to replace the North American Industrial Classification System (NAICS) with a new small business size classification system. NSBA is monitoring this legislation. S. 1600 Communities First Act Bill would provide community bank regulatory relief. NSBA supported. S. 1791 Democratizing Access to Capital Act of 2011 Bill would create a crowdfunding exemption from SEC registration requirements. NSBA supported. S. 1831 Access to Capital for Job Creators Act of 2011 Bill would provide for general solicitation and general advertising for accredited investors. NSBA supported. S. 1866 AGREE Act Bill would address Sarbanes Oxley internal control reporting for small entities. NSBA supported. S. 1965 Startup Act Provides capital gains and income tax incentives to incentivize entrepreneurs and facilitate the growth of new start-ups, creates a new STEM visa for up to foreign students and establishes a new category of visas for immigrant entrepreneurs, requires a cost-benefit analysis of all proposed federal regulations with an economic impact of $100 million or more, requires certain federal agencies to redirect .15 percent of their extramural budget for grant programs for American universities, and creates the State Startup Business Report. NSBA is monitoring this legislation. S. 1970 Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2011 Bill would create a crowdfunding exemption from SEC registration requirements. NSBA supported. S. 2114 - Berry Amendment Extension Act Requires that any items purchased by the Secretary of the Department of Homeland Security (DHS) directly related to national security interests are grown, reprocessed, reused, or produced in the US, except with regard to issues of necessary quality and quantity. NSBA supported. S. 2190 Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act (CROWDFUND Act) of 2012 Bill would create a crowdfunding exemption from SEC registration requirements. NSBA supported. S. 2231 The Small Business Lending Enhancement Act Bill would amend the Federal Credit Union Act to advance the ability of credit unions to promote small business growth and economic development opportunities. NSBA is monitoring this legislation. S. 2237 Small Business Jobs and Tax Relief Act of 2012 Bill is designed to give small businesses a 10-percent income tax credit on new payroll for hiring new workers or increasing employee wages and will allow businesses to fully deduct the cost of significant investments made this year. The $26 billion in tax cuts would be temporary and apply only to 2012 wages and investments. NSBA is monitoring this legislation. S.2242 Death Tax Repeal Permanency Act of 2012 Bill to repeal the estate tax. The effective date is the date of enactment, and the bill retains step-up basis. NSBA supported. S.J. Res. 36 and H.J. Res. 103 would disapprove under the Congressional Review Act the union elections rule submitted by the National Labor Relations Board. NSBA supported. EEOC - NSBA opposes efforts to treat educational attainment requirements as discrimination. NSBA opposes efforts to limit employer criminal background checks.

H.R. 12, American Jobs Act of 2011 H.R. 62 / S. 1373, International Tax Competitiveness Act H.R. 942, American Research and Competitiveness Act of 2011 H.R. 1860 / S. 971, Digital Goods and Services Tax Fairness Act of 2011 H.R. 2568 / S. 1506, a bill to prevent the Secretary of the Treasury from expanding United States bank reporting requirements with respect to interest on deposits paid to nonresident aliens H.R. 2669 / S. 1346, Stop Tax Haven Abuse Act H.R. 2701 / S. 1452, Main Street Fairness Act H.R. 2911, America Jobs Act of 2011 H.R. 3091, To make permanent the individual rate for capital gains and dividends H.R. 3313, Wall Street Trading and Speculation Tax Act H.R. 3606, Jumpstart Our Business Startups Act H.R. 3630, Middle Class Tax Relief and Job Creation Act of 2012 H.R. 3765, Temporary Payroll Tax Cut Continuation Act of 2011 H.R. 3877, 1099K Overreach Prevention Act S. 493, SBIR/STTR Reauthorization Act of 2011, including Amendment 212, which would repeal the three percent withholding law, enacted in Section 511 of the Tax Increase Prevention and Reconciliation Act of 2005 (P.L. 109-222) S. 1346, Stop Tax Haven Act, tax provisions S. 1549, American Jobs Act of 2011 S. 1647, A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gain rates S. 1660, American Jobs Act of 2011 S. 1671, Foreign Earning Investment Act S. 1769, Rebuild America Jobs Act S. 1787, Wall Street Trading and Speculation Tax Act S. 1813, Moving Ahead for Progress in the 21st Century: Tax provisions S. 2075, Cut Unjustified Tax Loopholes Act, tax provisions S. 2083, 1099K Overreach Prevention Act S. 2204, Repeal Big Oil Tax Subsidies Act, tax provisions Various issues relating to the implementation of P.L. 112-56, formerly H.R. 674, To amend the Internal Revenue Code of 1986 to repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities, to modify the calculation of modified adjusted gross income for purposes of determining eligibility for certain healthcare-related programs, and for other purposes; the implementation of P.L. 112-96, The Middle Class Tax Relief and Job Creation Act of 2012; Chairman Paul Ryans FY13 Budget Proposal; the R&D tax credit; tax extenders; tax reform; S-Corp tax provisions; deferral tax provisions; estate tax reform; cap-gains and dividends taxation; repatriation holiday; payroll tax legislation; expiration of the 2001 & 2003 Bush tax cuts (the impact of increased marginal income tax rates on small businesses); Financial Crisis Responsibility Fee (proposal to impose a bank tax)

H.R. 1070 / S. 1544, Small Company Capital Formation Act of 2011 H.R. 2167 / S. 1824, Private Company Flexibility and Growth Act H.R. 2930, Entrepreneur Access to Capital Act H.R. 2940 / S. 1831, Access to Capital for Job Creators Act H.R. 2941 / S. 1962, Startup Expansion and Investment Act H.R. 3606, Jumpstart Our Business Startups Act H.R. 3877 / S. 2083, 1099K Overreach Prevention Act H.R. 4078, Regulatory Freeze for Jobs Act of 2012 H.R. 4088, Capital Expansion Act S. 1791, Democratizing Access to Capital Act of 2011 H.RES. 453, Providing for consideration of the bill (H.R. 2930) to amend the securities laws to provide for registration exemptions for certain crowd funded securities, and for other purposes, and providing for consideration of the bill (H.R. 2940) to direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D Various issues relating to the reconciliation of merchant card and third-party payments; the federal procurement process for small business; Small Business Administration lending programs

Client expense: $20,200,000 · Firm income: Not reported

H.R. 87, To Repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act H.R. 557, Consumer Financial Protection Oversight Act of 2011 H.R. 1070 / S. 1544, Small Company Capital Formation Act of 2011 H.R. 1148, STOCK Act H.R. 1573, To facilitate implementation of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption H.R. 1610, Business Risk Mitigation and Price Stabilization Act of 2011 H.R. 1838, To repeal a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act prohibiting any Federal bailout of swap dealers or participants H.R. 1840, To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders H.R. 1965, To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes H.R. 2167 / S. 1824, Private Company Flexibility and Growth Act H.R. 2308, SEC Regulatory Accountability Act H.R. 2586, Swap Execution Facility Clarification Act H.R. 2682, Business Risk Mitigation and Price Stabilization Act of 2011 H.R. 2779, To exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act H.R. 2930, Entrepreneur Access to Capital Act H.R. 2940 / S. 1831, Access to Capital for Job Creators Act H.R. 3336, Small Business Credit Availability Act H.R. 3527, Protecting Main Street End-Users From Excessive Regulation H.R. 3606, Jumpstart Our Business Startups Act, including amendments related to the definition of held of record H.R. 3877 / S. 2083, 1099K Overreach Prevention Act H.R. 4014 / S. 2099, To amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection H.R. 4088, Capital Expansion Act H. RES. 572, Providing for consideration of the bill (H.R. 3606) to increase American job creation and economic growth by improving access to the public capital markets for emerging growth companies S. 712, Financial Takeover Repeal Act of 2011 S. 746, Dodd-Frank Repeal Act of 2011 S. 947, A bill to provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes S. 1650, Dodd-Frank Improvement Act of 2011 S. 1791, Democratizing Access to Capital Act of 2011 S. 1933, Reopening American Capital Markets to Emerging Growth Companies Act of 2011 S. 1970, Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2011 S. 2190, Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012 The nomination of Richard Cordray as Director of the Consumer Financial Protection Bureau Various issues relating to the implementation of P.L. 111-203, The Dodd-Frank Wall Street Reform and Consumer Protection Act, including proposals to alter derivatives provisions; regulation of money market funds; proposed Volcker Rule; Commodity Futures Trading Commissions Derivatives Regulations; reconciliation of merchant card and third-party payments; transparent financial reporting; Small Business Administration lending programs

H.R. 87, To Repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act H.R. 557, Consumer Financial Protection Oversight Act of 2011 H.R. 1070 / S. 1544, Small Company Capital Formation Act of 2011 H.R. 1573, To facilitate implementation of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption H.R. 1610, Business Risk Mitigation and Price Stabilization Act of 2011 H.R. 1838, To repeal a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act prohibiting any Federal bailout of swap dealers or participants H.R. 1840, To improve consideration by the Commodity Futures Trading Commission of the costs and benefits of its regulations and orders H.R. 1965, To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes H.R. 2167 / S. 1824, Private Company Flexibility and Growth Act H.R. 2308, SEC Regulatory Accountability Act H.R. 2586, Swap Execution Facility Clarification Act H.R. 2682, Business Risk Mitigation and Price Stabilization Act of 2011 H.R. 2779, To exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act H.R. 2930, Entrepreneur Access to Capital Act H.R. 2940 / S. 1831, Access to Capital for Job Creators Act H.R. 3336, Small Business Credit Availability Act H.R. 3527, Protecting Main Street End-Users From Excessive Regulation H.R. 3606, Jumpstart Our Business Startups Act, including amendments related to the definition of held of record H.R. 3877 / S. 2083, 1099K Overreach Prevention Act H.R. 4014 / S. 2099, To amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection H.R. 4088, Capital Expansion Act H. RES. 572, Providing for consideration of the bill (H.R. 3606) to increase American job creation and economic growth by improving access to the public capital markets for emerging growth companies S. 712, Financial Takeover Repeal Act of 2011 S. 746, Dodd-Frank Repeal Act of 2011 S. 947, A bill to provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes S. 1650, Dodd-Frank Improvement Act of 2011 S. 1791, Democratizing Access to Capital Act of 2011 S. 1933, Reopening American Capital Markets to Emerging Growth Companies Act of 2011 S. 1970, Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2011 S. 2190, Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012 The nomination of Richard Cordray as Director of the Consumer Financial Protection Bureau Various issues relating to the implementation of P.L. 111-203, The Dodd-Frank Wall Street Reform and Consumer Protection Act, including proposals to alter derivatives provisions; regulation of money market funds; proposed Volcker Rule; Commodity Futures Trading Commissions Derivatives Regulations; reconciliation of merchant card and third-party payments; transparent financial reporting; Small Business Administration lending programs

H.R. 12, American Jobs Act of 2011 H.R. 62 / S. 1373, International Tax Competitiveness Act H.R. 942, American Research and Competitiveness Act of 2011 H.R. 1860 / S. 971, Digital Goods and Services Tax Fairness Act of 2011 H.R. 2568 / S. 1506, a bill to prevent the Secretary of the Treasury from expanding United States bank reporting requirements with respect to interest on deposits paid to nonresident aliens H.R. 2669 / S. 1346, Stop Tax Haven Abuse Act H.R. 2701 / S. 1452, Main Street Fairness Act H.R. 2911, America Jobs Act of 2011 H.R. 3091, To make permanent the individual rate for capital gains and dividends H.R. 3313, Wall Street Trading and Speculation Tax Act H.R. 3606, Jumpstart Our Business Startups Act H.R. 3630, Middle Class Tax Relief and Job Creation Act of 2012 H.R. 3765, Temporary Payroll Tax Cut Continuation Act of 2011 H.R. 3877, 1099K Overreach Prevention Act S. 493, SBIR/STTR Reauthorization Act of 2011, including Amendment 212, which would repeal the three percent withholding law, enacted in Section 511 of the Tax Increase Prevention and Reconciliation Act of 2005 (P.L. 109-222) S. 1346, Stop Tax Haven Act, tax provisions S. 1549, American Jobs Act of 2011 S. 1647, A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gain rates S. 1660, American Jobs Act of 2011 S. 1671, Foreign Earning Investment Act S. 1769, Rebuild America Jobs Act S. 1787, Wall Street Trading and Speculation Tax Act S. 1813, Moving Ahead for Progress in the 21st Century: Tax provisions S. 2075, Cut Unjustified Tax Loopholes Act, tax provisions S. 2083, 1099K Overreach Prevention Act S. 2204, Repeal Big Oil Tax Subsidies Act, tax provisions Various issues relating to the implementation of P.L. 112-56, formerly H.R. 674, To amend the Internal Revenue Code of 1986 to repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities, to modify the calculation of modified adjusted gross income for purposes of determining eligibility for certain healthcare-related programs, and for other purposes; the implementation of P.L. 112-96, The Middle Class Tax Relief and Job Creation Act of 2012; Chairman Paul Ryans FY13 Budget Proposal; the R&D tax credit; tax extenders; tax reform; S-Corp tax provisions; deferral tax provisions; estate tax reform; cap-gains and dividends taxation; repatriation holiday; payroll tax legislation; expiration of the 2001 & 2003 Bush tax cuts (the impact of increased marginal income tax rates on small businesses); Financial Crisis Responsibility Fee (proposal to impose a bank tax)

H.R. 1070 / S. 1544, Small Company Capital Formation Act of 2011 H.R. 2167 / S. 1824, Private Company Flexibility and Growth Act H.R. 2930, Entrepreneur Access to Capital Act H.R. 2940 / S. 1831, Access to Capital for Job Creators Act H.R. 2941 / S. 1962, Startup Expansion and Investment Act H.R. 3606, Jumpstart Our Business Startups Act H.R. 3877 / S. 2083, 1099K Overreach Prevention Act H.R. 4078, Regulatory Freeze for Jobs Act of 2012 H.R. 4088, Capital Expansion Act S. 1791, Democratizing Access to Capital Act of 2011 H.RES. 453, Providing for consideration of the bill (H.R. 2930) to amend the securities laws to provide for registration exemptions for certain crowd funded securities, and for other purposes, and providing for consideration of the bill (H.R. 2940) to direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D Various issues relating to the reconciliation of merchant card and third-party payments; the federal procurement process for small business; Small Business Administration lending programs

Client expense: $20,200,000 · Firm income: Not reported

S. 7 - Comprehensive and Fair Tax Reform Act S. 13 - Fair Tax Act of 2011 S. 1660 - American Jobs Act of 2011 H.R. 3877 & S. 2083 - 1099K Overreach Prevention Act

Client expense: Not reported · Firm income: $36,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR4336- To amend the Internal Revenue Code of 1986 to extend the exclusion from gross income of discharges of qualified principal residence indebtedness, regarding issues on exclusion for mortgage debt forgiveness; HR4016-Carried Interest Fairness Act of 2012, general issues regarding carried interest; HR749- To amend the Internal Revenue Code of 1986 to permanently extend the subpart F, regarding AFE extension; HR 3877, S2083-1099K Overreach Prevention Act, regarding issues relating to Section 6050W; HR 940, S1835-United States Covered Bond Act of 2011, regarding issues related to covered bonds; General issues relating to Corporate tax reform; General issues relating to taxation of mass transit benefits.

Client expense: $820,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 9, the Small Business Tax Cut Act H.R. 1041, the Fairness in Medicare Bidding Act H.R. 1173, the Fiscal Responsibility and Retirement Security Act-support H.R. 1744, The American Job Protection Act-support H.R. 1837, the San Joaquin Valley Water Reliability Act-support H.R. 3231, a start up deduction increase bill-support H.R. 3862, the Sunshine for Regulatory Decrees and Settlements Act-support H.R.3877, the 1099K Overreach Prevention Act-support H.R. 4032, the Help Entrepreneurs Create American Jobs Act-support H. Con. Res. 112, establishing the budget of the Federal Government for Fiscal Year 2013-support S. 1908, the Small Business Efficiency Act-support S. 2050 Small Business Tax Extenders Act support S. 2083 1099K Overreach Prevention Act - support S. 2148, the Lead Exposure Reduction Amendments Act-support S. 2242, a bill to permanently repeal the estate tax S.A. 1660 EPA Regulatory Relief Act - support S.A. 1814, an amendment to the Moving Ahead for Progress in the 21st Century Act (S.1813)-support S.J.Res. 36, a resolution of disapproval in response to the National Labor Relation Boards (NLRB) rule related to ambush elections-support Comments: Docket ID Nos. EPAHQOAR20020058; EPA-HQ-OAR-2008-0790; EPA-HQ-OAR-2003-0119 Docket ID No. EPAHQUST20110301 Revising Underground Storage Tank Regulations Docket No. CFPB20110039 Streamlining Inherited Regulations RIN 1190-AA69 Delaying the Compliance Date for Certain Requirements of the Regulations Implementing Titles II and III of the Americans With Disabilities Act RIN 1235-AA05 Application of the Fair Labor Standards Act to Domestic Service Department of Health and Human- Services Request for Information on the Essential Health Benefits Bulletin Issues: Cash Method Accounting Business tax reform LIFO repeal in his Fiscal Year 2013 Budget EPA- Lead: Renovation, Repair and Painting (LRRP) rule Implement fees authorized by the Food Safety Modernization Act Department of Labors proposed changes to the companionship exemption Department of Labors implementation of the unemployment insurance program integrity reform initiatives IRS- proposed individual tax returns dealing with merchant card reporting

Consulting services related to various general corporate tax issues impacting for-profit hospitals issues and tax reform issues which were debated during the 112th session of Congress on the following bills: H.R. 2, Repealing the Job-Killing Health Care Law Act H.R. 516, Bring Jobs Back to America Act S. 18, Small Business Paperwork Mandate Elimination Act S. 19, American Liberty Restoration Act S. 20, American Job Protection Act S. 72, Small Business Paperwork Elimination Act of 2011 S. 359, Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 H.R. 3877 and S.2083, 1099K Overreach Prevention Act

Client expense: Not reported · Firm income: $25,000

Consulting services related to various general corporate tax issues and more specifically compliance tax issues impacting tax payers and tax return preparers, and also tax issues impacting low and middle individual income taxpayers which were debated during the 112th session of Congress on the following bills: - H.R. 88, Bill to amend the Internal Revenue Code of 1986 to change the deadline for income tax returns for calendar year taxpayers from the 15th of April to the first Monday of November - H.R. 1069, A bill to amend the Internal Revenue Code of 186 to provide an election to nonitemizers to have their returns prepared by the Secretary of the Treasury and for other purposes - S. 18, Small Business Paperwork Mandate Elimination Act - S. 19, American Liberty Restoration Act - S. 139, Equal Access to Tax Planning Act - S. 336, Tax Relief Certainty Act of 2011 - S. 359, Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 - H.R.1583, Taxpayer Receipt Act of 2011 - H.R. 2528, Taxpayer Freedom to File Protection Act of 2011 - S.1796, Free File Program Act of 2011 - H.R.9, Small Business Tax Cut Act - H.R.3865, College Tax Cut Extension Act of 2012 - H.R. 3877 and S. 2083, 1099K Overreach Prevention Act - H.R. 4013, Temporary Payroll Tax Cut Continuation Act of 2012 - S. 2237, Small Business Jobs and Tax Relief Act

Client expense: Not reported · Firm income: $60,000

S.7 Comprehensive and Fair Tax Reform; S. 13 Fair Tax Act of 2011; H.R. 25 Fair Fax Act of 2011. S. 1660- American Jobs Act; H.R. 3765 & H.R. 3630 Temporary Payroll Tax Cut Continuation Act. H.R. 3179- The Marketplace Equity Act. H.R. 1259- Death Tax Repeal Permanency Act of 2011. WOTC Tax Extenders. H.R. 3877 & S. 2083 (1099 K overeach Act)

Client expense: $75,000 · Firm income: Not reported

Government targets: Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, SENATE