Jets for Vets Act of 2012

General representation on Research and Development tax credit S. 2240 - A Bill to Amend the Internal Revenue Code of 1986 to Extend the Allowance for Bonus Depreciation for Certain Business Assets S. 2237 - Small Business Jobs and Tax Relief Act H.R. 4196, To Amend the Internal Revenue Code of 1986 to Extend the Allowance for Bonus Depreciation for Certain Business Assets H.R. 658 - FAA Modernization and Reform Act of 2012 H.R. 12 - American Jobs Act of 2011 - Section 421: G.A. Aircraft Treated as 7 Year Property S. 1549 - American Jobs Act of 2011 - Section 421: G.A. Aircraft Treated as 7 Year Property H.R. 4199 - Closing Corporate Jet Tax Loopholes to Employ Veterans Act of 2012

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

Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE, Transportation, Dept of (DOT), Treasury, Dept of

H.R.7 American Energy and Infrastructure Jobs Act of 2012 H.R. 658 FAA Reauthorization and Reform Act of 2011 H.R.1447 Aviation Security Stakeholder Participation Act of 2012 H.R.2594 & S.1956 European Union Emissions Trading Scheme Prohibition Act of 2011 H.R.3309, the Federal Communications Commission Reform Act of 2012 H.R.3800 Airport and Airway Extension Act of 2012 H.R.3801 Ultralight Aircraft Smuggling Prevention Act of 2012 H.R. 3816 & S.1335 Pilots Bill of Rights HR 4199 Closing Corporate Jet Tax Loopholes to Employ Veterans Act of 2012 HR 4348 Surface Transportation Extension Act of 2012, Part II H.R.5855 & S.3216 Department of Homeland Security Appropriations Act, 2013 H.R. 5972 & S.2333 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2013 H.R.5872 Sequestration Transparency Act of 2012 H.R.6159 Flight School Security Act H.Con.Res.112 House Budget Resolution FY 13 S.1813 MAP 21 AvGas NextGen ADS-B FCC decision on Lightsquared and GPS User Fees Unmanned Aerial Systems - Airspace Use Charitable flights General Aviation aircraft depreciation Digital Charts Contract Tower Program Grand Canyon Over flights St. Clair Regional Airport Blue Ash Airport Allentown/Queen City Airport Air Tour Operations Fuel Fraud Pearson Field Gillespie Filed Devils Lake

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

HR 12 American Jobs Act of 2011--Section 421; General Aviation Aircraft Treated as 7-year Property S 1549 American Jobs Act of 2011--Section 421; General Aviation Aircraft Treated as 7-year Property HR 4199 Closing Corporate Jet Tax Loopholes to Employ Veterans Act of 2012 Other Issues: Tax depreciation schedules for general aviation aircraft IRS Air Transportation Excise Taxes Extension of the placed-in-service date for aircraft purposes Research and Development tax credit Increase in domestic manufacturing deduction Elimination of AMT penalty on airport private activity bonds IRS Notice 2008-64 to require taxpayers to file elections to group activities under passive loss rules IRS Revenue Procedure 2010-13-Passive Activity Losses Aircraft equipage and funding Fuel tax revenue from general aviation providers being diverted in the Highway Trust Fund Internal Revenue Service - I.R.C. 280F(d)(6)(C); Treas. Reg. 1.280F-6(d) qualified business use test Internal Revenue Service - Notice 2012-25/recommendation of items for inclusion on the 2012-2013 Guidance Priority List: Request for IRS to provide guidance regarding the tax consequences of the use of a business aircraft in charitable and humanitarian activities; Request for IRS to review the treatment in TAM 200945037 of leasing aircraft to 5-percent owners and related parties under the depreciation limitation in I.R.C. 280F9b) and provide administrative guidance; Federal Aviation Administration - Docket No. FAA-2011-0012: Notice of Proposed Policy Clarification for the Registration of Aircraft to U.S. Citizen Trustees in Situations Involving Non-U.S. Citizen Trustors and Beneficiaries

Client expense: $590,000 · Firm income: Not reported

Issues related to the FAA block aircraft registration program (BARR) GA Caucus Issues H.R. 2594 - European Union Emissions Trading Scheme Prohibition Act of 2011 H.R. 4199 - Closing Corporate Jet Tax Loopholes to Employ Veterans Act of 2012 S. 1956, European Union Emissions Trading Scheme Prohibition Act of 2011

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

HR 12 American Jobs Act of 2011--Section 421; General Aviation Aircraft Treated as 7-year Property S 1549 American Jobs Act of 2011--Section 421; General Aviation Aircraft Treated as 7-year Property HR 4199 Closing Corporate Jet Tax Loopholes to Employee Veterans Act of 2012 Other Issues: Tax depreciation schedules for general aviation aircraft IRS Air Transportation Excise Taxes Extension of the placed-in-service date for aircraft purposes Research and Development tax credit Increase in domestic manufacturing deduction Elimination of AMT penalty on airport private activity bonds IRS Notice 2008-64 to require taxpayers to file elections to group activities under passive loss rules IRS Revenue Procedure 2010-13-Passive Activity Losses IRS Air Transportation Excise Tax audit technique guide Aircraft equipage and funding Fuel tax revenue from general aviation providers being diverted into the Highway Trust Fund Internal Revenue Service - Air Transportation Excise Taxes; Chief Counsel Advice memorandum 2012-10026 (March 9, 2012) Internal Revenue Service - I.R.C. 280F(d)(6)(C); Treas. Reg. 1.280F-6(d) qualified business use test Internal Revenue Service - IRS REG16874503: Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property; Proposed Rule Internal Revenue Service - Notice 2012-25 / recommendation of items for inclusion on the 2012-2013 Guidance Priority List: Request for IRS to provide guidance regarding the tax consequences of the use of a business aircraft in charitable and humanitarian activities Request for IRS to review the treatment in TAM 200945037 of leasing aircraft to 5-percent owners and related parties under the depreciation limitation in I.R.C. 280F(b) and provide administrative guidance Federal Aviation Administration - Docket No. FAA-2011-0012: Notice of Proposed Policy Clarification for the Registration of Aircraft to U.S. Citizen Trustees in Situations Involving Non-U.S. Citizen Trustors and Beneficiaries

H.R.7 American Energy and Infrastucture Jobs Act of 2012 (Highway Bill) H.R.658 FAA Reauthorization and Reform Act of 2011 H.R.2594 & S.1956 European Union Emissions Trading Scheme Prohibition Act of 2011 H.R.3309 Federal Communications Commission Reform Act of 2012 H.R.3800 Airport and Airway Extension Act of 2012 H.R.3801 Ultralight Aircraft Smuggling Prevention Act of 2012 H.R.3816 & S.1335 Pilot's Bill of Rights H.R.4199 Closing Corporate Jet Tax Loopholes to Employ Veterans Act of 2012 H.R. 5855 & S.3216 Department of Homeland Security Appropriations Act, 2013 H.R.4348 Surface Transportation Extension Act of 2012, Part II H.R.5972 & S.2333 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2013 H.Con.Res.112 House Budget Resolution FY13 S.1813 MAP 21 (Highway Bill) AvGas NextGen ADS-B FCC decision on Lightsquared and GPS User Fees Unmanned Aerial Systems - Airspace Use Charitable Flights General Aviation aircraft depreciation Digital Charts Contract Tower Program Grand Canyon Over Flights St. Clair Regional Airport Blue Ash Airport Allentown / Queen City Aiport Air Tour Operations Fuel Fraud

Client expense: $670,000 · Firm income: Not reported

Issues related to the FAA block aircraft registration program (BARR) GA Caucus Issues H.R. 2887 - Surface and Air Transportation Extension Act of 2011 H.R. 658 - FAA Modernization and Reform Act of 2012 S. 223 - FAA Modernization and Reform Act of 2012 H.R. 2594 - European Union Emissions Trading Scheme Prohibition Act of 2011 H.R. 3800 - Airport and Airway Extension Act of 2012 H.R. 4199 - Closing Corporate Jet Tax Loopholes to Employ Veterans Act of 2012

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

HR 658 FAA Modernization and Reform Act of 2012 HR 12 American Jobs Act of 2011--Section 421: General Aviation Aircraft Treated as 7-year Property S 1549 Americans Jobs Act of 2011--Section 421: General Aviation Aircraft Treated as 7-year Property HR 4199 Closing Corporate Jet Tax Loopholes to Employ Veterans Act of 2012 Other Issues: Tax depreciation schedules for general aviation aircraft IRS Air Transportation Excise Taxes Extension of the placed-in-service date for aircraft purposes Reasearch and Development tax credit Increase in domestic manufacturing deduction Elimination of AMT penalty on airport private activity bonds IRS Notice 2008-64 to require taxpayers to file elections to group activities under passive loss rules Proposal and Temporary Regulation 301.7701-2T(c)(2)(v)B: Treasury Decision 9462; Reg: 116614-08 74 Federal Regulation 46,957-Excise Tax Applicatility to Disregarded Entities IRS Revenue Procedure 2010-13-Passive Activity Losses IRS Air Transportation Excise Tax audit technique guide Aircraft equipage and funding Fuel tax revenue from general aviation providers being diverted into the Highway Trust Fund

Client expense: $450,000 · Firm income: Not reported