Mortgage Forgiveness Tax Relief Act of 2015

H.R. 1002, Mortgage Forgiveness Tax Relief Act of 2015 - This bill would extend for two years the exclusion from gross income of discharges of qualified principal residence indebtedness. S. 608, Mortgage Forgiveness Tax Relief Act - This bill would prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt for two years. C.A.R. met with members of Congress and discussed the impact of tax reform, specifically the mortgage interest deduction and 1031 exchanges, on the real estate industry.

Client expense: $38,302 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

H.R. 1002, Mortgage Forgiveness Tax Relief Act of 2015 - This bill would extend for two years the exclusion from gross income of discharges of qualified principal residence indebtedness. S. 608, Mortgage Forgiveness Tax Relief Act - This bill would prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt for two years. C.A.R. met with members of Congress and discussed the impact of tax reform, specifically the mortgage interest deduction and 1031 exchanges, on the real estate industry.

Client expense: $29,165 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

General education concerning proposals as to the deductibility of interest on home mortgages and revisions to section 1031 of the Internal Revenue Code under consideration as part of comprehensive tax reform legislation, no bill introduced. S. 608, the Mortgage Forgiveness Tax Relief Act of 2015, legislation to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt; entire bill. H.R. 1002, the Mortgage Forgiveness Tax Relief Act of 2015, legislation to amend the Internal Revenue Code of 1986 to extend for 2 years the exclusion from gross income of discharges of qualified principal residence indebtedness; entire bill. S. 1946, the Tax Relief Extension Act of 2015, a bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes; entire bill.

Client expense: $130,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 915 (Voices for Veterans Act); H.R. 961 (To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income); H.R. 1002 (Mortgage Forgiveness Tax Relief Act of 2015); H.R. 1295 (Trade Preferences Extension Act of 2015); H.R. 1430 (Permanent CFC Look-Through Act of 2015); H.R. 2029 (Consolidated Appropriations Act, 2016); H.R. 2128 (Real Estate Investment and Jobs Act of 2015); H.R. 2229 (Municipal Bond Market Support Act of 2015); H.R. 2483 (Independent Contractor Tax Fairness and Simplification Act of 2015); H.R. 3832 (Stolen Identify Refund Fraud Prevention Act of 2015); H.R. 3856 (Information Reporting Simplification Act of 2015); S. 161 (Paying a Fair Share Act of 2015); S. 174 (Stop Tax Haven Abuse Act); S. 351 (Mortgage Debt Tax Relief Act); S. 915 (Real Estate Investment and Jobs Act of 2015); S. 922 (Corporate Tax Dodging Prevention Act); S. 1186 (Move America Act of 2015); S.2252 (Fair Playing Field Act of 2015); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; U.S. and foreign Financial Transaction Tax Legislation Proposals; Tax issues related to standardization of credit default swaps and derivatives transactions; Extension of Active Financing Rules; Administration's Financial Crisis Responsibility Fee; Tax issues related to interest expense allocation; Tax treatment of capital gains and dividends; Tax classification of independent contractors; Taxation of cross-border equity swaps; Corporate tax reporting rules; Tax reporting requirements for foreign financial institutions on certain foreign accounts; Foreign Account Tax Compliance Act of 2010 (FATCA); Securities cost basis reporting regulations; International tax reform; United States individual and business taxation; Preservation of tax incentives for retirement plans; Tax Reform Act of 2014; Issues related to proposals to impose an asset tax on financial institutions; Issues related to proposals to limit the deductability or risk fee of FDIC assessments; Tax characteristics of nominal negative interest payments; Income tax withholding with respect to I.R.C. 305(c) deemed dividends; Tax Reform Legislation; Financial Transaction Tax (FTT). Issues related to extraterritorial application in the U.S. of foreign FTTs and FTT proposals; Issues related to taxation of negative interest payments; Issues related to the taxation of Total Loss Absorbency Capacity (TLAC) securities; Issues related to taxation of securities transactions, including market to market for derivatives; Draft legislation to prevent identity theft and tax refund fraud (Form 1099 accelerated filing dates); IRS notice 2015-47 (Listing Notice - Basket Option Contracts); IRS notice 2015-48 (Transaction of Interest - Basket Contracts); Achieving a Better Life Experience (ABLE) Act implementation; Protecting Americans from Tax Hikes (PATH) Act; IRS regulations on dividend equivalents under Section 871(m).

H.R. 1002, Mortgage Forgiveness Tax Relief Act of 2015 - This bill would extend for two years the exclusion from gross income of discharges of qualified principal residence indebtedness. S. 608, Mortgage Forgiveness Tax Relief Act - This bill would prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt for two years. C.A.R. met with members of Congress and discussed the impact of tax reform, specifically the mortgage interest deduction and 1031 exchanges, on the real estate industry.

Client expense: $23,850 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

Small Business Tax Relief HR636 - America's Small Business Tax Relief Act of 2015 HR765 - Restaurant and Retail Jobs and Growth Act Tax Relief for Forgiven Mortgage Debt HR1002 - Mortgage Forgiveness Tax Relief Act of 2015 HR2029 - Consolidated Appropriations Act, 2016 S351 - Mortgage Debt Tax Relief Act S608 - Mortgage Forgiveness Tax Relief Act Internet Sales Tax Fairness HR2775 - The Remote Transactions Parity Act of 2015 S698 - The Marketplace Fairness Act of 2015 Internet Tax Freedom HR235 - Permanent Internet Tax Freedom Act S431 - Internet Tax Freedom Forever Act Empowerment Zones Tax Incentives S408 - Empowering Jobs Act of 2015 Depreciation HR2510 - To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. S394 - Depreciation Fairness Act of 2015 S1660 - A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. HR2029 - Consolidated Appropriations Act, 2016 Foreign Investment in Real Property Tax Act (FIRPTA) HR34 - Tax Increase Prevention and Real Estate Investment Act of 2015 HR2029 - Consolidated Appropriations Act, 2016 HR2128 - Real Estate Investment and Jobs Act of 2015 S915 - Real Estate Investment and Jobs Act of 2015 Carried Interest HR2889 - Carried Interest Fairness Act of 2015 S1686 - Carried Interest Fairness Act of 2015 Section 1031 Like-Kind Exchanges HR2844 - Keep Our Pension Promises Act S1631 - Keep Our Pension Promises Act

Client expense: $14,280,000 · Firm income: Not reported

General education concerning proposals as to the deductibility of interest on home mortgages and revisions to section 1031 of the Internal Revenue Code under consideration as part of comprehensive tax reform legislation, no bill introduced. S. 608, the Mortgage Forgiveness Tax Relief Act of 2015, legislation to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt; entire bill. H.R. 1002, the Mortgage Forgiveness Tax Relief Act of 2015, legislation to amend the Internal Revenue Code of 1986 to extend for 2 years the exclusion from gross income of discharges of qualified principal residence indebtedness; entire bill. S. 1946, the Tax Relief Extension Act of 2015, a bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes; entire bill. H.R. 2029, the Military Construction and Veterans Affairs and Related Agencies Appropriations Act, 2016; House Amendment #2 to the Senate Amendment, the Protecting Americans from Tax Hikes Act of 2015, legislation to extend certain expiring tax provisions.

Client expense: $130,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1002, Mortgage Forgiveness Tax Relief Act of 2015 - This bill would extend for two years the exclusion from gross income of discharges of qualified principal residence indebtedness. S. 608, Mortgage Forgiveness Tax Relief Act - This bill would prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt for two years. C.A.R. met with members of Congress and discussed the impact of tax reform, specifically the mortgage interest deduction and 1031 exchanges, on the real estate industry.

Client expense: $23,850 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

S. 608, H.R. 1002, the Mortgage Debt Forgiveness Relief Act

Client expense: $210,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Congressional Budget Office (CBO), Education, Dept of, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Legal Services Corporation, Patent & Trademark Office (PTO), SENATE, Treasury, Dept of, U.S. Copyright Office, U.S. Trade Representative (USTR), Veterans Affairs, Dept of (VA), White House Office

Small Business Tax Relief HR636 - America's Small Business Tax Relief Act of 2015 HR765 - Restaurant and Retail Jobs and Growth Act Tax Relief for Forgiven Mortgage Debt HR1002 - Mortgage Forgiveness Tax Relief Act of 2015 S351 - Mortgage Debt Tax Relief Act S608 - Mortgage Forgiveness Tax Relief Act Internet Sales Tax Fairness HR2775 - The Remote Transactions Parity Act of 2015 S698 - The Marketplace Fairness Act of 2015 Internet Tax Freedom HR235 - Permanent Internet Tax Freedom Act S431 - Internet Tax Freedom Forever Act Empowerment Zones Tax Incentives S408 - Empowering Jobs Act of 2015 Depreciation HR2510 - To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. S394 - Depreciation Fairness Act of 2015 S1660 - A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. Foreign Investment in Real Property Tax Act (FIRPTA) HR2128 - Real Estate Investment and Jobs Act of 2015 S915 - Real Estate Investment and Jobs Act of 2015 Carried Interest HR2889 - Carried Interest Fairness Act of 2015 S1686 - Carried Interest Fairness Act of 2015 Section 1031 Like-Kind Exchanges HR2844 - Keep Our Pension Promises Act S1631 - Keep Our Pension Promises Act Discussions with the Department of Treasury on Section 1031 of the IRC (like kind exchanges).

Client expense: $7,520,000 · Firm income: Not reported

General education concerning proposals as to the deductibility of interest on home mortgages and revisions to section 1031 of the Internal Revenue Code under consideration as part of comprehensive tax reform legislation. No bill introduced. S. 608 & H.R. 1002, Mortgage Forgiveness Tax Relief Act of 2015, a bill to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt; entire bill. S. 1946, the Tax Relief Extension Act of 2015, a bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes; entire bill.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Small Business Tax Relief HR636 - America's Small Business Tax Relief Act of 2015 HR765 - Restaurant and Retail Jobs and Growth Act Tax Relief for Forgiven Mortgage Debt HR1002 - Mortgage Forgiveness Tax Relief Act of 2015 S351 - Mortgage Debt Tax Relief Act S608 - Mortgage Forgiveness Tax Relief Act Internet Sales Tax Fairness HR2275 - The Remote Transactions Parity Act of 2015 S698 - The Marketplace Fairness Act of 2015 Internet Tax Freedom HR235 - Permanent Internet Tax Freedom Act S431 - Internet Tax Freedom Forever Act Empowerment Zones Tax Incentives S408 - Empowering Jobs Act of 2015 Depreciation HR2510 - To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. S394 - Depreciation Fairness Act of 2015 S1660 - A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. Foreign Investment in Real Property Tax Act (FIRPTA) HR2128 - Real Estate Investment and Jobs Act of 2015 S915 - Real Estate Investment and Jobs Act of 2015 Carried Interest HR2889 - Carried Interest Fairness Act of 2015 S1686 - Carried Interest Fairness Act of 2015 Discussions with House and Senate offices on Section 1031 of the IRC (like kind exchanges). Discussions with the Department of Treasury on Section 1031 of the IRC (like kind exchanges).

Client expense: $8,180,000 · Firm income: Not reported

H.R. 1002, Mortgage Forgiveness Tax Relief Act of 2015 - This bill would extend for two years the exclusion from gross income of discharges of qualified principal residence indebtedness. S. 608, Mortgage Forgiveness Tax Relief Act - This bill would prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt for two years. C.A.R. met with members of Congress and discussed the impact of tax reform, specifically the mortgage interest deduction and 1031 exchanges, on the real estate industry.

Client expense: $23,850 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

General education concerning proposals as to the deductibility of interest on home mortgages and revisions to section 1031 of the Internal Revenue Code under consideration as part of comprehensive tax reform legislation. No bill introduced. S. 608 & H.R. 1002, Mortgage Forgiveness Tax Relief Act of 2015, a bill to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt; entire bill. Draft legislation relating to the extension of tax provisions contained in the EXPIRE Act of 2014; no bill yet introduced.

Client expense: $150,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Small Business Tax Relief HR636 - America's Small Business Tax Relief Act of 2015 Tax Relief for Forgiven Mortgage Debt HR1002 - Mortgage Forgiveness Tax Relief Act of 2015 S351 - Mortgage Debt Tax Relief Act S608 - Mortgage Forgiveness Tax Relief Act Internet Sales Tax Fairness HR698 - The Marketplace Fairness Act of 2015 Discussions with House and Senate offices on the Foreign Investment in Real Property Tax Act (FIRPTA) reform and Section 1031 of the IRC (like kind exchanges).

Client expense: $7,700,000 · Firm income: Not reported

H.R. 1002, Mortgage Forgiveness Tax Relief Act of 2015 - This bill would extend for two years the exclusion from gross income of discharges of qualified principal residence indebtedness. S. 608, Mortgage Forgiveness Tax Relief Act - This bill would prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt for two years. C.A.R. met with members of Congress and discussed the impact of tax reform, specifically the mortgage interest deduction and 1031 exchanges, on the real estate industry.

Client expense: $36,857 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE

General education concerning proposals as to the deductibility of interest on home mortgages and revisions to section 1031 of the Internal Revenue Code under consideration as part of comprehensive tax reform legislation. No bill introduced. S. 608 & H.R. 1002, Mortgage Forgiveness Tax Relief Act of 2015, a bill to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt; entire bill. Draft legislation relating to the extension of tax provisions contained in the EXPIRE Act of 2014; no bill yet introduced.

Client expense: $120,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), SENATE