Small Business Tax Compliance Relief Act of 2015

Alternative minimum tax; Cash basis method of accounting; Corporate integration; Deductions for adjusted gross income (certain attorney fees and court costs); Disaster Relief; National Disaster Tax Relief Act of 2015 (H.R. 3110 / S. 1795); Tax Extension Assurance Bill; Education-related provisions; Estates & Trusts; Allow administrative relief for late portability, inter vivos qualified terminal interest property, and qualified revocable trust elections; Treat consistently all federal tax payments of trusts and estates; Amend section 67(e) to simplify the law and allow estates and nongrantor trusts to fully deduct the cost of complying with fiduciary duties in administering estates and trusts; Exempt from the filing requirement of section 6034(a) trusts with charitable deductions only from flow-through entities; Subject estates, certain qualified revocable trusts, and qualified disability trusts to the income tax and net investment income tax in the same manner as married persons filing separate returns; Require Form 1099 reporting of interest and dividends paid to charitable remainder trusts; Foreign trust withholding credit to U.S. beneficiaries; Section 2801 estate tax expatriation guidance; Estate tax closing letters; Estate tax basis consistency reporting; Filing election/tax return 15 months after death; Simplified Form 706 EZ; Surviving spouse elections; Executive Compensation; Section 409A; Excise tax on excess tax-exempt organization executive compensation; Exempt Organizations; Form 990 series; Jeopardizing investments; Unrelated Business Income Tax (name and logo royalties treated as unrelated business taxable income; parity of charitable contribution limitation between trusts and corporations; increased specific deduction; qualified sponsorship payments; dual use facility expense allocation); Penalties (increase in information return penalties; manager-level accuracy-related penalty on underpayment of unrelated business income tax); Tax Exempt Entities/Excise Taxes (modification of intermediate sanctions; modification of taxes on self-dealing; excise tax on failure to distribute within five years contribution to donor advised fund; repeal of exception for private operating foundation failure to distribute income; excise tax based on investment income of private colleges and universities); Supporting organizations; SSNs on EO tax forms; Section 501(r); Form 1023; Foreign trusts ; Compliance issues continuing monitoring/discussing; Withholding issues with FATCA for foreign trusts and U.S. beneficiaries; Health insurance deduction; Provide full deductibility of health insurance for small businesses; Identity theft; The Chairman's Mark of A Bill To Prevent Identity Theft And Tax Refund Fraud (JCX-108-15); Identity Theft and Tax Fraud Prevention Act of 2015 (H.R. 3981); Stolen Identity Refund Fraud Prevention Act of 2015 (H.R. 2991); Form W-2 due date acceleration; Identity Theft Mark-up Amendment Related to the Regulation of Tax Return Preparers; IRS Security Summit; International Taxation; BEPS - country-by-country reporting; Information reporting for Disregarded Entities with foreign owners; Innovation Box; Inversion guidance under Section 7874; Pending Income Tax Treaties and Protocols; PFIC reporting requirements; Taxation of Foreign Income; Taxation of 529 Plans, ABLE accounts, ROTH IRAs and their foreign equivalents; Voluntary Disclosure and Streamlined Filing Programs for delinquent taxpayers with foreign assets and income; IRS authority over tax return preparers and contingency fees; Taxpayer Protection and Preparer Proficiency Act of 2015 (S. 137); Tax Return Preparer Competency Act of 2015 (H.R. 4141);Tax Return Preparer Accountability Act of 2015 (H.R. 1609); IRS determination letter program; IRS budget, IRS customer service, IRS Future State; IRS proposed regulations guidance under Section 2801; Kiddie Tax rules; Listed property issues; Removing computer equipment from the definition of listed property; Internet sales and use tax collection; Marketplace Fairness Act of 2015, S. 698; Remote Transactions Parity Act of 2015, H.R. 2775; Medical lodging deduction limitation with the allowable business per diem rates; Methods/Periods/Credits; Cost recovery issues/UNICAP (including Sections 168, 179 and 263A); Mischaracterized section 174 expenditures; Modification of Rev. Proc. 2004-34 and Treas. Reg. 1.451-5 concerning the deferral of advance payments; Research credit ; Tangible property regulations; Amortization of certain research and experimental expenditures.; Amortization of certain advertising expenditures; Tax treatment of deferred revenue in taxable asset acquisitions; Revenue Procedure 2015-20, de minimis safe harbor limit; Accounting method changes for mischaracterized section 174 expenditures needing a section 481(a) adjustment and audit protection; Section 170 charitable contribution of inventory; Revenue Procedure 2015-40; Section 199; Revenue Procedures 2015-13 and 2015-14; Mileage rates for business expense, medical expense, moving expense and charitable contribution purposes; Mobile Workforce State Income Tax Simplification Act of 2015 (H.R. 2315 and S. 386); Multi-State Worker (telecommuter) Tax Fairness Act ; Net operating loss deduction; Pass-through Entities; Allow Subchapters K and S to Remain as Separate Subchapters ; Retain the Flexibility of the Subchapter K Model (Including Special Allocations and Outside Basis for Partnership Level Debt); Retain the Check-the-Box Rules; Obtain Tax Rate Parity Between Pass-Through Business Entities and C Corporations; Repeal Section 1372: Partnership Rules to Apply for Fringe Benefit Purposes for S Corporations; Make Permanent the Reduced Recognition Period for Built-In Gains for S Corporations; Allow Full Consideration of Net Realized Built-In Loss for S Corporations; Make Remedial Allocations Mandatory for Partnerships with Greater than 5% Nonresident Alien Individuals as Partners; Eliminate the Section 751(b) Calculation on Disproportionate Distributions; Oppose Any Proposal for Tax Treatment of "Large" Partnerships as Corporations; Require Mandatory Adjustments to Basis of Partnership Property in Case of Transfer of Partnership Interests and Mandatory Adjustments to Basis of Undistributed Partnership Property; Allow Accumulated Earnings and Profits Withdrawal from S Corporations with Certainty; Reduce Realized Built-In Gains of S Corporations by the Amount of Accrued State Income Tax; Allow Incentive Deductions Permitted by the Internal Revenue Code to Flow Through to Taxpayers Without Basis Limitations; Repeal the Prohibition of Section 179(d)(4) for Estates/Trusts; Alternatively, Allow Pass-Through Entity Allocation and Amortization at the Estate /Trust Level; Charitable Contribution Deduction for Electing Small Business Trusts; Permanent Rule Regarding Basis Adjustment to Stock of S Corporations Making Charitable Contribution of Property; Allow an offset to the built-in gains tax for charitable contribution and foreign tax credit carryforwards from a C year; Add a new 120-day post-termination transition period beginning on the date that a taxpayer files an amended Form 1120S; Allow S corporations to have nonresident aliens as shareholders and potential current beneficiaries of electing small business trusts; Repeal section 1362(d)(3), which terminates an S election due to passive investment income that exceeds a certain threshold, or increase the passive investment income threshold of S corporations under section 1375(a)(2) from 25% to 60%; Extension of time for making S corporation elections; Partnership audits; Allow the transfer of any partnership suspended losses to his/her spouse when spousal transfers under section 1041(a) take place; Clarify that husband and wife partnerships that are recognized under state law are eligible to elect Qualified Joint Venture status under section 761(f); Repeal section 708(b)(1)(B) relating to the technical terminations of partnerships; Retain existing safe harbors for allocation of shared partnership liabilities.; Request for Guidance Regarding Worthless Stock Deductions Under Section 165(g) for S Corporations; Partnership Audit Simplification Act of 2015 (H.R. 2821); Treatment under Section 721(c) of property transfers to partnerships with related foreign partners; Partnership Audit procedures enacted as part of the Bipartisan Budget Act of 2016; Disguised sales rules under Section 707; Allocation of partnership liabilities under Section 752; Management fee waivers; Net Investment Income Tax on disposition of partnership interest; Treatment of partner as an employee for benefit purposes; User Fees Charged for S Corporation Private Letter Ruling Requests; Transfers of Property to Partnerships with Related Foreign Partners and of Certain Interests in Corporations as Stock or Indebtedness (Notice 2015-54); Additional Guidance for AAA Ordering Rules; S Corp Basis Ordering (Section 1367); S Corp guidance on inability to utilize certain suspended passive activity losses upon redemption (Section 469(g)); Update Treas. Reg. 1.1361-5 to reflect the addition of clause (ii) to section 1361(b) (3)(C) made by section 8234 of P.L. 110-28; Issue a revenue ruling incorporating the guidance from PLRs 200308035 and 201017019; Guidance regarding the application of section 302(b)(4) to distributions by an S corporation; Guidance as to when, for AMT purposes, S corporations will have attributes which are different for regular tax and AMT purposes; Provide additional guidance to whether a state tax refund attributable to the S portion of an electing small business trust (ESBT) is allocated to the S portion; Patient Protection and Affordable Care Act (P.L. 111-148) implementation and related issues; Health reimbursement arrangements (HRAs); The Small Business Healthcare Relief Act (H.R. 5447 / S. 1697); Small business health insurance tax credit; Employer information reporting requirements (Form 1095-C); Remote Transactions Parity Act of 2015, Marketplace Fairness Act of 2015 (H.R. 2775 / S. 6998); Savings & Investments; Consolidate and simplify the multiple types of tax-favored retirement plans and the rules governing them; Eliminate Certain Nondiscrimination Tests on Employee Pre-tax and Roth Deferrals for 401(k) Plans, Matching Contributions; Eliminate the Top-Heavy Rules; Create a Uniform Rule Regarding the Determination of Basis in Distributions; Create a Uniform Attribution Rule; Create a Uniform Definition of Owners; Change the Required Minimum Distribution Rules During Life and Remove Half-Year Age References; Create Uniform Rules for Early Withdrawal Penalties; Elimination of Income Limits on Contributions to Roth IRAs; Inflation Adjustments for Roth IRA Contributions; Simplify the tax treatment of Roth individual retirement account contributions; SEPs ; SIMPLE 401(k)s; Rules Related to Designated Roth Contributions; Repeal the requirement that benefits become fully vested upon a partial termination of a qualified retirement plan; Section 385 Proposed Regulations - Regarding the treatment of certain interests in corporations as stock or indebtedness (REG-108060-15); Small Business Tax Compliance Relief Act of 2015 (S. 1827); The Self-Employment Contributions Act (SECA); Determination of net earnings from self-employment; Equalize the tax treatment between employees and self-employed individuals with respect to the deduction for health insurance costs in determining income subject to OASDI and HI taxes; Tax Reform (General); Principles of Good Tax Policy; Tax extenders (H.R. 2029, the Protecting Americans from Tax Hikes Act of 2015 and Consolidated Appropriations Act, 2016); Permanence of tax legislation; Small business compliance burdens; International tax provisions related to the Tax Reform Act of 2014; Tax administration and compliance; Late and amended Forms 1099 - corrected information reporting safe harbor de minimis and reporting rollover to year of change; Amend the section 6051 reporting requirement to permit truncation of employee social security numbers; Clarification of six-year statute of limitations in case of overstatement of basis; Penalties (definition of tax shelters; significant purpose; reasonable cause exceptions; penalty for failure to file; penalty for failure to file correct information returns and provide payee statements; Form 3520 and 3520-A penalties; late filing penalties under sections 6698 and 6699; Form 5471 penalty relief); Pre-populated returns; Private Debt Collection; Repeal the section 7122(c)(1) requirement to provide a 20% partial payment with a lump-sum offer in compromise; Section 9100 relief (administrative relief for missed statutory elections); Tax Administration Integrity Act (H.R. 3167); Tax rates and definitions; Consistent definitions in the Internal Revenue Code; Deduction for adjusted net capital gain; Elimination of surtaxes; Inflation-adjusting thresholds and amounts; Repeal of phase-ins/phase-outs; Simplified Income Tax Rate Structure; Tax return due dates (Public Law 114-41, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015); Form 3520 change technical correction; Taxpayer Bill of Rights; Taxpayer Bill of Rights Act of 2015 (H.R. 1058, S. 949, S. 951); Small Business Taxpayer Bill of Rights Act of 2015 (H.R. 1828, S. 949); Taxpayer Bill of Rights Enhancement Act of 2015 (S. 1578); Treasury/IRS Priority Guidance Plan (Notice 2016-26); United States Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) System; Virtual currency (Bitcoin)

Client expense: $1,210,000 · Firm income: Not reported

Government targets: Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, White House Office

H.R. 160 - Protect Medical Innovation Act of 2015 (Medical Device Tax) H.R. 636 - Americas Small Business Tax Relief Act (Sec. 179) H.R. 1185 - Responsible Additions and Increases to Sustain Employee (RAISE) Health Benefits Act of 2015 (Flexible Spending Accounts) H.R. 1842 - Indian Health Service Health Professions Tax Fairness Act of 2015 (Student Loan Tax Deduction) H.R. 2029 - Consolidated Appropriations Act, 2016 (Dietary Guidelines; tobacco rider; dental research programs; child nutrition programs; appropriations for IHS, AHRQ, CDC, CMS, HHS, HRSA, NIH/NIDCR, other dental-related agencies) H.R. 2911 - Small Business Healthcare Relief Act (HRAs) H.R. 5447 - Small Business Health Care Relief Act of 2016 (HRAs) S. 149 - Medical Device Access and Innovation Protection Act (Medical Device Tax) S. 536 - Indian Health Service Health Professions Tax Fairness Act of 2015 (Student Loan Tax Deduction) S. 1697 - Small Business Healthcare Relief Act (HRAs) S. 1827 - Small Business Tax Compliance Relief Act of 2015 (Cash accounting) S. 1946 - Tax Relief Extension Act of 2015 (Section 179 tax deduction) S. 3060 - Small Business Health Care Relief Act of 2016 (HRAs) Business Tax Reform

Client expense: $720,000 · Firm income: Not reported

H.R. 160 - Protect Medical Innovation Act of 2015 (Medical Device Tax) H.R. 636 - Americas Small Business Tax Relief Act (Sec. 179) H.R. 1185 - Responsible Additions and Increases to Sustain Employee (RAISE) Health Benefits Act of 2015 (Flexible Spending Accounts) H.R. 2029 - Consolidated Appropriations Act, 2016 (Dietary Guidelines; tobacco rider; dental research programs; child nutrition programs; appropriations for IHS, AHRQ, CDC, CMS, HHS, HRSA, NIH/NIDCR, other dental-related agencies) H.R. 2911 - Small Business Healthcare Relief Act (HRAs) S. 149 - Medical Device Access and Innovation Protection Act (Medical Device Tax) S. 1697 - Small Business Healthcare Relief Act (HRAs) S. 1827 - Small Business Tax Compliance Relief Act of 2015 (Cash accounting) S. 1946 - Tax Relief Extension Act of 2015 (Section 179 tax deduction) Business Tax Reform

Client expense: $470,000 · Firm income: Not reported

Alternative minimum tax; Cash basis method of accounting; CPA representation of state-legal marijuana businesses; Deductions for adjusted gross income (certain attorney fees and court costs); Disaster Relief; National Disaster Tax Relief Act of 2015 (H.R. 3110 / S. 1795); Tax Extension Assurance Bill; Education-related provisions; Estates & Trusts; Allow administrative relief for late portability, inter vivos qualified terminal interest property, and qualified revocable trust elections; Treat consistently all federal tax payments of trusts and estates; Amend section 67(e) to simplify the law and allow estates and nongrantor trusts to fully deduct the cost of complying with fiduciary duties in administering estates and trusts; Exempt from the filing requirement of section 6034(a) trusts with charitable deductions only from flow-through entities; Subject estates, certain qualified revocable trusts, and qualified disability trusts to the income tax and net investment income tax in the same manner as married persons filing separate returns; Require Form 1099 reporting of interest and dividends paid to charitable remainder trusts; Foreign trust withholding credit to U.S. beneficiaries; Section 2801 estate tax expatriation guidance; Estate tax closing letters; Estate tax basis consistency reporting; Filing election/tax return 15 months after death; Simplified Form 706 EZ; Surviving spouse elections; Executive Compensation; Section 409A; Excise tax on excess tax-exempt organization executive compensation; Exempt Organizations; Form 990; Jeopardizing investments; Unrelated Business Income Tax (name and logo royalties treated as unrelated business taxable income; parity of charitable contribution limitation between trusts and corporations; increased specific deduction; qualified sponsorship payments; dual use facility expense allocation); Penalties (increase in information return penalties; manager-level accuracy-related penalty on underpayment of unrelated business income tax); Tax Exempt Entities/Excise Taxes (modification of intermediate sanctions; modification of taxes on self-dealing; excise tax on failure to distribute within five years contribution to donor advised fund; repeal of exception for private operating foundation failure to distribute income; excise tax based on investment income of private colleges and universities); Supporting organizations; SSNs on EO tax forms; Foreign trusts; Compliance issues continuing monitoring/discussing; Withholding issues with FATCA for foreign trusts and U.S. beneficiaries; Health insurance deduction; Provide full deductibility of health insurance for small businesses; Identity theft; The Chairman's Mark of A Bill To Prevent Identity Theft And Tax Refund Fraud (JCX-108-15); Identity Theft and Tax Fraud Prevention Act of 2015 (H.R. 3981); Stolen Identity Refund Fraud Prevention Act of 2015 (H.R. 2991); Form W-2 due date acceleration; International Taxation; BEPS - country-by-country reporting; Pending Income Tax Treaties and Protocols; Taxation of Foreign Income; Taxation of 529 Plans, ABLE accounts, ROTH IRAs and their foreign equivalents; Voluntary Disclosure and Streamlined Filing Programs for delinquent taxpayers with foreign assets and income; IRS authority over tax return preparers and contingency fees; The Chairman's Mark of A Bill To Prevent Identity Theft And Tax Refund Fraud (JCX-108-15); Taxpayer Protection and Preparer Proficiency Act of 2015 (S. 137); Tax Return Preparer Competency Act of 2015 (H.R. 4141); Tax Return Preparer Accountability Act of 2015 (H.R. 1609); IRS determination letter program; IRS budget, IRS customer service, IRS Future State; Kiddie Tax rules; Listed property issues; Removing computer equipment from the definition of listed property; Internet sales and use tax collection; Marketplace Fairness Act of 2015, S. 698; Remote Transactions Parity Act of 2015, H.R. 2775; Medical lodging deduction limitation with the allowable business per diem rates; Methods/Periods/Credits; Cost recovery issues/UNICAP (including Sections 168, 179 and 263A); Mischaracterized section 174 expenditures; Modification of Rev. Proc. 2004-34 and Treas. Reg. 1.451-5 concerning the deferral of advance payments; Research credit; Tangible property regulations; Amortization of certain research and experimental expenditures; Amortization of certain advertising expenditures; Tax treatment of deferred revenue in taxable asset acquisitions; Revenue Procedure 2015-20, de minimis safe harbor limit; Accounting method changes for mischaracterized section 174 expenditures needing a section 481(a) adjustment and audit protection; Mileage rates for business expense, medical expense, moving expense and charitable contribution purposes; Mobile Workforce State Income Tax Simplification Act of 2015 (H.R. 2315 and S. 386); Multi-State Worker (telecommuter) Tax Fairness Act; Net operating loss deduction; Pass-through Entities; Allow Subchapters K and S to Remain as Separate Subchapters; Retain the Flexibility of the Subchapter K Model (Including Special Allocations and Outside Basis for Partnership Level Debt); Retain the Check-the-Box Rules; Obtain Tax Rate Parity Between Pass-Through Business Entities and C Corporations; Repeal Section 1372: Partnership Rules to Apply for Fringe Benefit Purposes for S Corporations; Make Permanent the Reduced Recognition Period for Built-In Gains for S Corporations; Allow Full Consideration of Net Realized Built-In Loss for S Corporations; Make Remedial Allocations Mandatory for Partnerships with Greater than 5% Nonresident Alien Individuals as Partners; Eliminate the Section 751(b) Calculation on Disproportionate Distributions; Oppose Any Proposal for Tax Treatment of "Large" Partnerships as Corporations; Require Mandatory Adjustments to Basis of Partnership Property in Case of Transfer of Partnership Interests and Mandatory Adjustments to Basis of Undistributed Partnership Property; Allow Accumulated Earnings and Profits Withdrawal from S Corporations with Certainty; Reduce Realized Built-In Gains of S Corporations by the Amount of Accrued State Income Tax; Allow Incentive Deductions Permitted by the Internal Revenue Code to Flow Through to Taxpayers Without Basis Limitations; Repeal the Prohibition of Section 179(d)(4) for Estates/Trusts; Alternatively, Allow Pass-Through Entity Allocation and Amortization at the Estate /Trust Level; Charitable Contribution Deduction for Electing Small Business Trusts; Permanent Rule Regarding Basis Adjustment to Stock of S Corporations Making Charitable Contribution of Property; Allow an offset to the built-in gains tax for charitable contribution and foreign tax credit carryforwards from a C year; Add a new 120-day post-termination transition period beginning on the date that a taxpayer files an amended Form 1120S; Allow S corporations to have nonresident aliens as shareholders and potential current beneficiaries of electing small business trusts; Repeal section 1362(d)(3), which terminates an S election due to passive investment income that exceeds a certain threshold, or increase the passive investment income threshold of S corporations under section 1375(a)(2) from 25% to 60%; Extension of time for making S corporation elections; Partnership audits; Allow the transfer of any partnership suspended losses to his/her spouse when spousal transfers under section 1041(a) take place; Clarify that husband and wife partnerships that are recognized under state law are eligible to elect Qualified Joint Venture status under section 761(f); Repeal section 708(b)(1)(B) relating to the technical terminations of partnerships; Retain existing safe harbors for allocation of shared partnership liabilities; Request for Guidance Regarding Worthless Stock Deductions Under Section 165(g) for S Corporations; Partnership Audit Simplification Act of 2015 (H.R. 2821); Patient Protection and Affordable Care Act (P.L. 111-148) implementation and related issues; Health reimbursement arrangements (HRAs); The Small Business Healthcare Relief Act (H.R. 2911 / S. 1697); Remote Transactions Parity Act of 2015, Marketplace Fairness Act of 2015 (H.R. 2775 / S. 6998); Savings & Investments; Consolidate and simplify the multiple types of tax-favored retirement plans and the rules governing them; Eliminate Certain Nondiscrimination Tests on Employee Pre-tax and Roth Deferrals for 401(k) Plans, Matching Contributions; Eliminate the Top-Heavy Rules; Create a Uniform Rule Regarding the Determination of Basis in Distributions; Create a Uniform Attribution Rule; Create a Uniform Definition of Owners; Change the Required Minimum Distribution Rules During Life and Remove Half-Year Age References; Create Uniform Rules for Early Withdrawal Penalties; Elimination of Income Limits on Contributions to Roth IRAs; Inflation Adjustments for Roth IRA Contributions; Simplify the tax treatment of Roth individual retirement account contributions; SEPs; SIMPLE 401(k)s; Rules Related to Designated Roth Contributions; Repeal the requirement that benefits become fully vested upon a partial termination of a qualified retirement plan; Small Business Tax Compliance Relief Act of 2015 (S. 1827); The Self-Employment Contributions Act (SECA); Determination of net earnings from self-employment; Equalize the tax treatment between employees and self-employed individuals with respect to the deduction for health insurance costs in determining income subject to OASDI and HI taxes; Tax Reform (General); Principles of Good Tax Policy; Tax extenders (H.R. 2029, the Protecting Americans from Tax Hikes Act of 2015 and Consolidated Appropriations Act, 2016); Permanence of tax legislation; Small business compliance burdens; Tax administration and compliance; Late and amended Forms 1099 - corrected information reporting safe harbor de minimis and reporting rollover to year of change; Amend the section 6051 reporting requirement to permit truncation of employee social security numbers; Clarification of six-year statute of limitations in case of overstatement of basis; Penalties (definition of tax shelters; significant purpose; reasonable cause exceptions; penalty for failure to file; penalty for failure to file correct information returns and provide payee statements; Form 3520 and 3520-A penalties; late filing penalties under sections 6698 and 6699; Form 5471 penalty relief); Pre-populated returns; Repeal the section 7122(c)(1) requirement to provide a 20% partial payment with a lump-sum offer in compromise; Section 9100 relief (administrative relief for missed statutory elections); Tax Administration Integrity Act (H.R. 3167); Tax rates and definitions; Consistent definitions in the Internal Revenue Code; Deduction for adjusted net capital gain; Elimination of surtaxes; Inflation-adjusting thresholds and amounts; Repeal of phase-ins/phase-outs; Simplified Income Tax Rate Structure; Tax return due dates (Public Law 114-41, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015); Form 3520 change technical correction; Taxpayer Bill of Rights; Taxpayer Bill of Rights Act of 2015 (H.R. 1058, S. 949, S. 951); Small Business Taxpayer Bill of Rights Act of 2015 (H.R. 1828, S. 949); Taxpayer Bill of Rights Enhancement Act of 2015 (S. 1578); United States Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) System

S.2183 Export-Import Bank Reform and Reauthorization Act of 2015 - NSBA supports S.2116 Small Business Broadband and Emerging Information Technology Enhancement Act - NSBA supports S.2021 Fair Chance Act - NSBA opposes S.2015 Protecting Local Business Opportunity Act - NSBA supports S.2012 Energy Policy Modernization Act of 2015- NSBA supports S.2006 Regulatory Accountability Act of 2015 - NSBA supports S.1890 Defend Trade Secrets Act of 2015 - NSBA is monitoring S.1827 Small Business Tax Compliance Relief Act of 2015 - NSBA supports S.1697 Small Business Healthcare Relief Act - NSBA supports S.1647 Developing a Reliable and Innovative Vision for the Economy Act - NSBA monitoring S.1607 Independent Agency Regulatory Analysis Act of 2015 - NSBA supports S.1584 Renewable Fuel Standard Repeal Act - NSBA is monitoring S.1356 National Defense Authorization Act for Fiscal Year 2016 - NSBA supports S.1140 Federal Water Quality Protection Act - NSBA supports S.1137 PATENT Act - NSBA opposes S.1099 Protecting Affordable Coverage for Employees Act - NSBA supports S.995 Bipartisan Congressional Trade Priorities and Accountability Act - NSBA supports S.966 Commercial Real Estate and Economic Development Act - NSBA supports S.949 Small Business Taxpayer Bill of Rights Act of 2015 - NSBA supports S.860 Death Tax Repeal Act of 2015 - NSBA supports S.824 Promoting U.S. Jobs Through Exports Act of 2015 - NSBA supports S.819 Export-Import Bank Reform and Reauthorization Act of 2015 - NSBA supports S.754 Cybersecurity Information Sharing Act of 2015 - NSBA supports S.698 Marketplace Fairness Act of 2015 - NSBA is monitoring S.632 Support Technology and Research for Our Nation's Growth (STRONG) Patents Act - NSBA supports S.552 Small Business Investment Company Capital Act of 2015 - NSBA supports S.426 Small Business Regulatory Flexibility Improvements Act of 2015 -NSBA supports S.379 Small Business Tax Credit Accessibility Act - NSBA supports S.J.Res.22 WOTUS CRA Resolution - NSBA supports Protecting Americans from Tax Hikes (PATH) Act of 2015 - NSBA supports H.R.3784 SEC Small Business Advocate Act of 2015 - NSBA supports H.R.3762 Restoring Americans' Healthcare Freedom Reconciliation Act of 2015 - NSBA supports H.R.3611 Export-Import Bank Reform and Reauthorization Act of 2015 - NSBA supports H.R.3470 Fair Chance Act - NSBA opposes H.R.3459 Protecting Local Business Opportunity Act - NSBA supports H.R.3326 Defend Trade Secrets Act of 2015 - NSBA is monitoring H.R.3132 To increase the amount of funding available for FY2015 for certain general business loans authorized under the Small Business Act - NSBA supports H.R.2911 Small Business Healthcare Relief Act - NSBA supports H.R.2775 Remote Transactions Parity Act of 2015 - NSBA is monitoring H.R.2670 Microloan Modernization Act of 2015 - NSBA supports H.R.2586 Export Coordination Act of 2015 - NSBA supports H.R.2473 Preserving Capital Access and Mortgage Liquidity Act of 2015 - NSBA is monitoring H.R.2266 Commercial Real Estate and Economic Development Act - NSBA supports H.R.2239 To increase Ex-Im financing of exports by small business - NSBA supports H.R.2045 Targeting Rogue and Opaque Letters Act of 2015 - NSBA supports H.R.2177 Energy Savings and Industrial Competitiveness Act of 2015 - NSBA supports H.R.2121 SAFE Transitional Licensing Act of 2015 - NSBA is monitoring H.R.1907 Trade Facilitation and Trade Enforcement Act of 2015 - NSBA supports H.R.1890 Bipartisan Congressional Trade Priorities and Accountability Act of 2015 - NSBA supports H.R.1828 Small Business Taxpayer Bill of Rights Act of 2015 - NSBA supports H.R.1735 National Defense Authorization Act for 2016 - NSBA supports H.R.1732 Regulatory Protection Act of 2015 - NSBA supports H.R.1731 National Cybersecurity Protection Advancement Act of 2015 - NSBA supports H.R.1560 Protecting Cyber Networks Act - NSBA supports H.R.1481 Small Contractors Improve Competition Act of 2015 - NSBA supports H.R.1314 Bipartisan Budget Act of 2015 - NSBA supports H.R.1105 Death Tax Repeal Act of 2015 - NSBA supports H.R.1031 Promoting U.S. Jobs Through Exports Act of 2015 - NSBA supports H.R.1030 Secret Science Reform Act of 2015 - NSBA supports H.R.1029 EPA Science Advisory Board Reform Act of 2015 - NSBA supports H.R.1023 Small Business Investment Company Capital Act of 2015 - NSBA supports H.R.880 American Research and Competitiveness Act of 2015 - NSBA supports H.R.762 Small Business Tax Credit Accessibility Act - NSBA supports H.R.703 Renewable Fuel Standard Elimination Act - NSBA is monitoring H.R.630 Permanent S Corporation Charitable Contribution Act of 2015 - NSBA supports H.R.629 Permanent S Corporation Built-in Gains Recognition Period Act of 2015 - NSBA supports H.R.622 State and Local Sales Tax Deduction Fairness Act of 2015 - NSBA supports H.R.597 Reform Exports and Expand the American Economy Act - NSBA supports H.R.527 Small Business Regulatory Flexibility Improvements Act - NSBA supports H.R.185 Regulatory Accountability Act - NSBA supports H.R.160 Protect Medical Innovation Act of 2015 - NSBA supports H.R.50 Unfunded Mandates Information and Transparency Act of 2015 - NSBA supports H.R.25 Fair Tax Act - NSBA supports H.R.9 Innovation Act - NSBA opposes H.R.8 North American Energy Security and Infrastructure Act of 2015 - NSBA is monitoring H.R.3 Keystone XL Pipeline Act - NSBA supports H.J.Res. 71 Clean Power Plan - Congressional Review Act - NSBA supports H.J.Res. 72 Clean Power Plan - Congressional Review Act - NSBA supports

H.R. 160 - Protect Medical Innovation Act of 2015 (Medical Device Tax) H.R. 636 - Americas Small Business Tax Relief Act (Sec. 179) H.R. 1185 - Responsible Additions and Increases to Sustain Employee (RAISE) Health Benefits Act of 2015 (Flexible Spending Accounts) H.R. 2029 - Consolidated Appropriations Act, 2016 (Dietary Guidelines; tobacco rider; dental research programs; child nutrition programs; appropriations for IHS, AHRQ, CDC, CMS, HHS, HRSA, NIH/NIDCR, other dental-related agencies) H.R. 2911 - Small Business Healthcare Relief Act (HRAs) S. 149 - Medical Device Access and Innovation Protection Act (Medical Device Tax) S. 1697 - Small Business Healthcare Relief Act (HRAs) S. 1827 - Small Business Tax Compliance Relief Act of 2015 (Cash accounting) S. 1946 - Tax Relief Extension Act of 2015 (Section 179 tax deduction) Business Tax Reform

Client expense: $580,000 · Firm income: Not reported

Alternative minimum tax; Cash basis method of accounting; CPA representation of state-legal marijuana businesses; Multi-State Worker (telecommuter) Tax Fairness Act; Tax Disaster Relief; National Disaster Tax Relief Act of 2015 (H.R. 3110 / S. 1795); Tax Extension Assurance Bill; Deductions for adjusted gross income (certain attorney fees and court costs); Education-related provisions; Estates & Trusts; Allow administrative relief for late portability, inter vivos qualified terminal interest property, and qualified revocable trust elections; Treat consistently all federal tax payments of trusts and estates; Amend section 67(e) to simplify the law and allow estates and nongrantor trusts to fully deduct the cost of complying with fiduciary duties in administering estates and trusts; Exempt from the filing requirement of section 6034(a) trusts with charitable deductions only from flow-through entities; Subject estates, certain qualified revocable trusts, and qualified disability trusts to the income tax and net investment income tax in the same manner as married persons filing separate returns; Require Form 1099 reporting of interest and dividends paid to charitable remainder trusts; Provide portability relief; Filing election/tax return15 months after death; Simplified Form 706 EZ; Surviving spouse elections; Foreign trust withholding credit to U.S. beneficiaries; Section 2801 estate tax expatriation guidance; Estate tax closing letters; Estate tax basis consistency reporting; Executive Compensation; Section 409A; Excise tax on excess tax-exempt organization executive compensation; Exempt Organizations; Form 990; Jeopardizing investments; Unrelated Business Income Tax (name and logo royalties treated as unrelated business taxable income; parity of charitable contribution limitation between trusts and corporations; increased specific deduction; qualified sponsorship payments; dual use facility expense allocation); Penalties (increase in information return penalties; manager-level accuracy-related penalty on underpayment of unrelated business income tax); Tax Exempt Entities/Excise Taxes (modification of intermediate sanctions; modification of taxes on self-dealing; excise tax on failure to distribute within five years contribution to donor advised fund; repeal of exception for private operating foundation failure to distribute income; excise tax based on investment income of private colleges and universities); Supporting organizations; SSNs on EO tax forms; Foreign trusts; Compliance issues continuing monitoring/discussing; Withholding issues with FATCA for foreign trusts and U.S. beneficiaries; Health insurance deduction; Provide full deductibility of health insurance for small businesses; Identity theft; The Chairman's Mark of A Bill To Prevent Identity Theft And Tax Refund Fraud (JCX-108-15); Identity Theft and Tax Fraud Prevention Act of 2015 (H.R. 3981); Form W-2 due date acceleration; International Taxation; BEPs; Pending Income Tax Treaties and Protocols; Taxation of Foreign Income; IRS authority over tax return preparers; Taxpayer Protection and Preparer Proficiency Act of 2015 (S. 137); Tax Return Preparer Competency Act of 2015 (H.R. 4141); Taxpayer Bill of Rights: Taxpayer Bill of Rights Act of 2015 (H.R. 1058, S. 949, S. 951); Small Business Taxpayer Bill of Rights Act of 2015 (H.R. 1828, S. 949); Taxpayer Bill of Rights Enhancement Act of 2015 (S. 1578); IRS determination letter program; IRS budget, IRS customer service; Kiddie Tax rules; Listed property issues; Removing computer equipment from the definition of listed property; Internet sales and use tax collection; Marketplace Fairness Act of 2015, S. 698; Remote Transactions Parity Act of 2015, H.R. 2775; Medical lodging deduction limitation with the allowable business per diem rates; Methods/Periods/Credits; Cost recovery issues/UNICAP (including Sections 168, 179 and 263A); Mischaracterized section 174 expenditures; Modification of Rev. Proc. 2004-34 and Treas. Reg. 1.451-5 concerning the deferral of advance payments; Research credit; Tangible property regulations; Amortization of certain research and experimental expenditures; Amortization of certain advertising expenditures; Tax treatment of deferred revenue in taxable asset acquisitions; Revenue Procedure 2015-20, De minimis safe harbor limit; Accounting method changes for mischaracterized section 174 expenditures needing a section 481(a) adjustment and audit protection; Mileage rates for business expense, medical expense, moving expense and charitable contribution purposes; Mobile Workforce State Income Tax Simplification Act of 2015 (H.R. 2315 and S. 386); Net operating loss deduction; Pass-through Entities; Allow Subchapters K and S to Remain as Separate Subchapters; Retain the Flexibility of the Subchapter K Model (Including Special Allocations and Outside Basis for Partnership Level Debt); Retain the Check-the-Box Rules; Obtain Tax Rate Parity Between Pass-Through Business Entities and C Corporations; Repeal Section 1372: Partnership Rules to Apply for Fringe Benefit Purposes for S Corporations; Make Permanent the Reduced Recognition Period for Built-In Gains for S Corporations; Allow Full Consideration of Net Realized Built-In Loss for S Corporations; Make Remedial Allocations Mandatory for Partnerships with Greater than 5% Nonresident Alien Individuals as Partners; Eliminate the Section 751(b) Calculation on Disproportionate Distributions; Oppose Any Proposal for Tax Treatment of "Large" Partnerships as Corporations; Require Mandatory Adjustments to Basis of Partnership Property in Case of Transfer of Partnership Interests and Mandatory Adjustments to Basis of Undistributed Partnership Property; Allow Accumulated Earnings and Profits Withdrawal from S Corporations with Certainty; Reduce Realized Built-In Gains of S Corporations by the Amount of Accrued State Income Tax; Allow Incentive Deductions Permitted by the Internal Revenue Code to Flow Through to Taxpayers Without Basis Limitations; Repeal the Prohibition of Section 179(d)(4) for Estates/Trusts; Alternatively, Allow Pass-Through Entity Allocation and Amortization at the Estate /Trust Level; Charitable Contribution Deduction for Electing Small Business Trusts; Permanent Rule Regarding Basis Adjustment to Stock of S Corporations Making Charitable Contribution of Property; Allow an offset to the built-in gains tax for charitable contribution and foreign tax credit carryforwards from a C year; Add a new 120-day post-termination transition period beginning on the date that a taxpayer files an amended Form 1120S; Allow S corporations to have nonresident aliens as shareholders and potential current beneficiaries of electing small business trusts; Repeal section 1362(d)(3), which terminates an S election due to passive investment income that exceeds a certain threshold, or increase the passive investment income threshold of S corporations under section 1375(a)(2) from 25% to 60%; Extension of time for making S corporation elections; Allow the transfer of any partnership suspended losses to his/her spouse when spousal transfers under section 1041(a) take place; Clarify that husband and wife partnerships that are recognized under state law are eligible to elect Qualified Joint Venture status under section 761(f); Repeal section 708(b)(1)(B) relating to the technical terminations of partnerships; Retain existing safe harbors for allocation of shared partnership liabilities; Request for Guidance Regarding Worthless Stock Deductions Under Section 165(g) for S Corporations; Partnership audits and adjustments; Partnership Audit Simplification Act of 2015 (H.R. 2821); Patient Protection and Affordable Care Act (P.L. 111-148) implementation and related issues; Health reimbursement arrangements (HRAs): The Small Business Healthcare Relief Act) (H.R. 2911 / S. 1697); Remote Transactions Parity Act of 2015, Marketplace Fairness Act of 2015 (H.R. 2775, S. 6998); Savings & Investments; Consolidate and simplify the multiple types of tax-favored retirement plans and the rules governing them; Eliminate Certain Nondiscrimination Tests on Employee Pre-tax and Roth Deferrals for 401(k) Plans, Matching Contributions; Eliminate the Top-Heavy Rules; Create a Uniform Rule Regarding the Determination of Basis in Distributions; Create a Uniform Attribution Rule; Create a Uniform Definition of Owners; Change the Required Minimum Distribution Rules During Life and Remove Half-Year Age References; Create Uniform Rules for Early Withdrawal Penalties; Elimination of Income Limits on Contributions to Roth IRAs; Inflation Adjustments for Roth IRA Contributions; Simplify the tax treatment of Roth individual retirement account contributions; SEPs; SIMPLE 401(k)s; Rules Related to Designated Roth Contributions; Repeal the requirement that benefits become fully vested upon a partial termination of a qualified retirement plan; Small Business Tax Compliance Relief Act of 2015 (S. 1827); The Self-Employment Contributions Act (SECA); Determination of net earnings from self-employment; Equalize the tax treatment between employees and self-employed individuals with respect to the deduction for health insurance costs in determining income subject to OASDI and HI taxes; Tax Reform (General); Principles of Good Tax Policy; Tax extenders (H.R. 2029, the Protecting Americans from Tax Hikes Act of 2015 and Consolidated Appropriations Act, 2016); Permanence of tax legislation; Small business compliance burden; Tax administration and compliance; Late and amended Forms 1099 - corrected information reporting safe harbor de minimis and reporting rollover to year of change; Amend the section 6051 reporting requirement to permit truncation of employee social security numbers; Clarification of six-year statute of limitations in case of overstatement of basis; Penalties (definition of tax shelters; significant purpose; reasonable cause exceptions; penalty for failure to file; penalty for failure to file correct information returns and provide payee statements; Form 3520 and 3520-A penalties; late filing penalties under sections 6698 and 6699; Form 5471 penalty relief); Pre-populated returns; Repeal the section 7122(c)(1) requirement to provide a 20% partial payment with a lump-sum offer in compromise; Section 9100 relief (administrative relief for missed statutory elections); Tax Administration Integrity Act (H.R. 3167); Tax rates and definitions; Consistent definitions in the Internal Revenue Code; Deduction for adjusted net capital gain; Elimination of surtaxes; Inflation-adjusting thresholds and amounts; Repeal of phase-ins/phase-outs; Simplified Income Tax Rate Structure; Tax return due dates (Public Law 114-41, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015); Form 5500 change technical correction; Form 3520 change technical correction

H.R. 160 - Protect Medical Innovation Act of 2015 (Medical Device Tax) H.R. 636 - Americas Small Business Tax Relief Act (Sec. 179) H.R. 1185 - Responsible Additions and Increases to Sustain Employee (RAISE) Health Benefits Act of 2015 (Flexible Spending Accounts) H.R. 2911 - Small Business Healthcare Relief Act (HRAs) S. 149 - Medical Device Access and Innovation Protection Act (Medical Device Tax) S. 1697 - Small Business Healthcare Relief Act (HRAs) S. 1827 - Small Business Tax Compliance Relief Act of 2015 (Cash accounting) S. 1946 - Tax Relief Extension Act of 2015 (Section 179 tax deduction) Business Tax Reform

Client expense: $610,000 · Firm income: Not reported

S.2709 Export-Import Bank Reauthorization Act of 2014 - NSBA supports S.2262 Energy Savings and Industrial Competitiveness Act - NSBA supports S.1827 - Small Business Tax Compliance Relief Act of 2015 - NSBA supports S.1697 Small Business Healthcare Relief Act - NSBA supports S.1647 - Developing a Reliable and Innovative Vision for the Economy Act -- NSBA monitoring S.1607 Independent Agency Regulatory Analysis Act of 2015 - NSBA supports S.1140 Federal Water Quality Protection Act - NSBA supports S.1137 PATENT Act - NSBA opposes S.995 Bipartisan Congressional Trade Priorities and Accountability Act - NSBA supports S.949 Small Business Taxpayer Bill of Rights Act of 2015 - NSBA supports S.860 Death Tax Repeal Act of 2015 - NSBA supports S.824 Promoting U.S. Jobs Through Exports Act of 2015 - NSBA supports S.819 Export-Import Bank Reform and Reauthorization Act of 2015 - NSBA supports S.754 Cybersecurity Information Sharing Act of 2015 - NSBA supports S.720 Energy Savings and Industrial Competitiveness Act of 2015 - NSBA supports S.698 Marketplace Fairness Act of 2015 - NSBA is monitoring S.632 Support Technology and Research for Our Nation's Growth (STRONG) Patents Act - NSBA supports S.552 Small Business Investment Company Capital Act of 2015 - NSBA supports S.535 Energy Efficiency Improvement Act of 2015 - NSBA supports S. 426 Small Business Regulatory Flexibility Improvements Act of 2015 -NSBA supports S.379 Small Business Tax Credit Accessibility Act - NSBA supports S.1 Keystone XL Pipeline Approval Act - NSBA supports H.R.3979 National Defense Authorization Act for Fiscal Year 2015 - NSBA supports H.R.3132 - To increase the amount of funding available for FY2015 for certain general business loans authorized under the Small Business Act - NSBA supports H.R.2911 Small Business Healthcare Relief Act - NSBA supports H.R.2775 Remote Transactions Parity Act of 2015 - NSBA is monitoring H.R.2670 Microloan Modernization Act of 2015 - NSBA supports H.R.2586 Export Coordination Act of 2015 - NSBA supports H.R. 2499 Veterans Entrepreneurship Act of 2015 - NSBA supports H.R.2239 To increase Ex-Im financing of exports by small business - NSBA supports H.R.2045 Targeting Rogue and Opaque Letters Act of 2015 - NSBA supports H.R.2177 Energy Savings and Industrial Competitiveness Act of 2015 - NSBA supports H.R.2131 The Supplying Knowledge Based Immigrants and Lifting Levels of STEM Visas Act H.R.1907 Trade Facilitation and Trade Enforcement Act of 2015 - NSBA supports H.R.1890 Bipartisan Congressional Trade Priorities and Accountability Act of 2015 - NSBA supports H.R.1828 Small Business Taxpayer Bill of Rights Act of 2015 - NSBA supports H.R.1735 National Defense Authorization Act for 2016 - NSBA supports H.R.1731 National Cybersecurity Protection Advancement Act of 2015 - NSBA supports H.R.1624 - Protecting Affordable Coverage for Employees Act - NSBA supports H.R.1560 Protecting Cyber Networks Act - NSBA supports H.R.1481 Small Contractors Improve Competition Act of 2015 - NSBA supports H.R.1105 Death Tax Repeal Act of 2015 - NSBA supports H.R.1031 Promoting U.S. Jobs Through Exports Act of 2015 - NSBA supports H.R.1030 Secret Science Reform Act of 2015 - NSBA supports H.R.1029 EPA Science Advisory Board Reform Act of 2015 - NSBA supports H.R.1023 Small Business Investment Company Capital Act of 2015 - NSBA supports H.R. 880 American Research and Competitiveness Act of 2015 - NSBA supports H.R.762 Small Business Tax Credit Accessibility Act - NSBA supports H.R.637 Permanent IRA Charitable Contribution Act of 2015 - NSBA supports H.R.636 America's Small Business Tax Relief Act - NSBA supports H.R.630 Permanent S Corporation Charitable Contribution Act of 2015 - NSBA supports H.R.629 Permanent S Corporation Built-in Gains Recognition Period Act of 2015 - NSBA supports H.R.622 State and Local Sales Tax Deduction Fairness Act of 2015 - NSBA supports H.R.597 Reform Exports and Expand the American Economy Act - NSBA supports H.R.527 Small Business Regulatory Flexibility Improvements Act - NSBA supports H.R.185 Regulatory Accountability Act - NSBA supports H.R.160 Protect Medical Innovation Act of 2015 - NSBA supports H.R.50 Unfunded Mandates Information and Transparency Act of 2015 - NSBA supports H.R.25 Fair Tax Act - NSBA supports H.R.9 Innovation Act - NSBA opposes. H.R.3 Keystone XL Pipeline Act - NSBA supports H.R.2 Medicare Access and CHIP Reauthorization Act of 2015 - NSBA is monitoring

Access to Capital & Financial System Regulatory Reform H.R. 1023, the Small Business Investment Company Capital Act: Supported House passage. Also voiced support for the Senate companion bill S. 552. H.R. 2670, the Microloan Modernization Act: Supported House passage. H.R. 432, the SBIC Advisors Relief Act: Supported House passage. H.R. 1334, the Holding Company Registration Threshold Equalization Act of 2015: Supported House passage. H.R. 1723, the Small Company Simple Registration Act: Supported House passage. H.R. 2064, the Improving Access to Capital for Emerging Growth Companies Act: Supported House passage. H.R. 2354, the Streamlining Excessive and Costly Regulations Review Act: Voiced support for H.R. 2354. SBA Lending Cap: Supported House and Senate passage of legislation to lift the loan cap on the SBA 7(a) lending program, which President Obama signed into law. H.R. 1553, Small Bank Exam Cycle Reform Act of 2015: Supported House passage. H.R. 1737, the Reforming CFPB Indirect Auto Financing Guidance Act: Voiced support for H.R. 1737. H.R. 1839, the Reforming Access for Investments in Startup Enterprises (RAISE) Act of 2015: Supported House passage. H.R. 3032, the Securities and Exchange Commission Reporting Modernization Act: Voiced support for H.R. 3032. Human Capital and Employee Benefits Affordable Care Act Reform: Continue to advocate for various changes to the Affordable Care Act (ACA), including repeal of individual and employer mandate, changes to the 30 hour rule to 40 hours, and allowing employers to contribute to employees' health care expenses. H.R. 1624 and S. 1099, the Protecting Affordable Coverage for Employers Act (PACE Act): Continued to voice support for this legislation and for Congress to act in a timely manner. H.R. 1270, the Restoring Access to Medication Act of 2015: Voiced support for this legislation. H.R. 1675, the Encouraging Employee Ownership Act of 2015: Voiced support for H.R. 1675. Department of Labor (DoL) Proposed Overtime Regulations: Expressed concerns and opposition to proposed changes to overtime regulations to DoL and Congress. Filed comments on the rulemaking. Department of Labor (DoL) Fiduciary Standards: Expressed concern and opposition to proposed regulations that would hurt small business ability to provide and maintain retirement plans for employees. Filed comments on the rulemaking. S. 2015 and H.R. 3459, the Protecting Local Businesses Opportunity Act: Voiced support for this legislation, and continue to express general concern about the disruptive nature of the National Labor Relations Board (NLRBs) new joint employer standard. Taxes and Tax Reform Continued to voice support for comprehensive tax reform focused on lower rates and less complexity for small businesses, as well as making permanent small business provisions like Section 179 expensing and the R&D tax credit. S. 1827, Small Business Tax Compliance and Relief Act: Voiced support for the legislation. S. 432, the Internet Tax Freedom Forever Act and H.R. 235, the Permanent Internet Tax Freedom Act: Continue to voice support for making permanent the extension of not allowing internet access taxes. H.R. 961 - Voiced support for this bill to bring parity to small businesses operating globally. H.R. 1430, the Permanent CFC Look-Through Act of 2015: Voiced support for H.R. 1430. H.R. 765, the Restaurant and Retail Jobs and Growth Act: Voiced support for H.R. 765. H.R. 2510: A bill that would modify and make permanent bonus depreciation. Voiced support for H.R. 2510. Government Reform, Transparency and Good Governance H.R. 2243, the Equity in Government Compensation Act of 2015: Voiced support for H.R. 2243. H.R. 3189, the Federal Oversight Reform and Modernization Act of 2015: Voiced support for H.R. 3189. H.R. 766, the Financial Institution and Customer Protection Act of 2015: Voiced support for H.R. 766. H.R. 1266, the Financial Product Safety Commission Act: Voiced support for H.R. 1266. Regulation, Regulatory Reform & Relief Continued to support broad-based efforts on regulatory reform that provide small businesses with a greater voice in the regulatory process, require agencies to employ cost-benefit analysis, and transparency and objective/up-to-date science in rulemakings. S. 1817, the Smarter Regulations Through Advance Planning and Review Act of 2015: Voiced support for the legislation. S. 1820, the Early Participation in Regulations Act of 2015: Voiced support for the legislation. S. 1818, the Principled Rulemaking Act of 2015: Voiced support for the legislation. H.R. 348, the Responsibly and Professionally Invigorating Development (RAPID) Act: Voiced support for House passage of H.R. 348. H.R. 427, Regulations from the Executive in Need of Scrutiny Act (REINS Act): Supported House passage. Environmental Protection Agency (EPA) Proposed Ozone Standards: Voiced opposition and concern about dramatically lowering the ozone standards and its impact of small business costs, business creation and growth, and economic development. Continue to express concerns about the impact and unintended consequences of the Federal Communications Commission's Internet regulations. Affordable Energy and Business Growth in Energy Sector H.R. 702, voiced support for House passage of this bill lifting the 40-year ban on the export of crude oil from the United States. Also support S.1312, Energy Supply and Distribution Act of 2015 (repeals crude oil export ban). Continue to voice support for LNG exports and legislative efforts to incentivize domestic development and production; continue to express concerns about how the Clean Power Plan regulations impact the cost of energy for small businesses.

H.R. 2, Medicare Access and CHIP Reauthorization Act of 2015 H.R. 160, Protect Medical Innovation Act of 2015 H.R. 235, Permanent Internet Tax Freedom Act H.R. 625, Infrastructure 2.0 Act H.R. 636, America's Small Business Tax Relief Act of 2015 H.R. 765, Restaurant and Retail Jobs and Growth Act H.R. 880, American Research and Competitiveness Act of 2015 H.R. 961, To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income H.R. 1105, Death Tax Repeal Act of 2015 H.R. 1735/S. 1376, National Defense Authorization Act for Fiscal Year 2016, including provisions relating to procurement policy, inversion contracting matters, contractor blacklisting, and Senate Amendment 1559 regarding debarring inverted Department of Defense contractors H.R. 2028, Energy and Water Development and Related Agencies Appropriations Act, 2016, including provisions relating to procurement policy, inversion contracting matters and contractor blacklisting H.R. 2510, To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation H.R. 2577, Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2016, including provisions relating to procurement policy, inversion contracting matters and contractor blacklisting H.R. 2578, Commerce, Justice, Science, and Related Agencies Appropriations Act, 2016, including provisions relating to procurement policy, inversion contracting matters, contractor blacklisting H.R. 2685, Department of Defense Appropriations Act, 2016, including provisions relating to potential amendment regarding debarring inverted Department of Defense contractors H.R. 2772, Department of State, Foreign Operations, and Related Programs Appropriations Act, 2016, including provisions relating to procurement policy, inversion contracting matters and contractor blacklisting H.R. 2775, Remote Transactions Parity Act of 2015 H.R. 2822, Department of the Interior, Environment, and Related Agencies Appropriations Act 2016, including provisions relating to procurement policy, inversion contracting matters and contractor blacklisting S. 149, Medical Device Access and Innovation Protection Act S. 676, Identity Theft and Tax Fraud Prevention Act of 2015, including provisions relating to lowering the threshold for electronic filing with the IRS, reducing the time in which small businesses have to file 1099 returns, and mandating the IRS create a website to file 1099 returns S. 698, Marketplace Fairness Act of 2015 S. 981, Invest in Transportation Act, including provisions relating to repatriation S. 1589, Building and Renewing Infrastructure for Development and Growth in Employment (BRIDGE) Act S. 1619, Department of Homeland Security Appropriations Act 2016, including provisions relating to procurement policy, inversion contracting matters and contractor blacklisting S. 1695, Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2016, including provisions relating to procurement policy, inversion contracting matters and contractor blacklisting S. 1800, Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2016, including provisions relating to procurement policy, inversion contracting matters and contractor blacklisting S. 1827, Small Business Tax Compliance Relief Act of 2015 S. 1910, Financial Services and General Government Appropriations Act, 2016, including provisions relating to procurement policy, inversion contracting matters and contractor blacklisting S. 1946, Tax Relief Extension Act of 2015 S. Con. Res. 11, An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2016 and setting forth the appropriate budgetary levels for fiscal years 2017 through 2025, including provisions relating to the gas tax, corporate inversions, offshore tax loopholes, section 179 expensing, earnings stripping, the estate tax and LIFO repeal Online Sales Simplification Act of 2015 (discussion draft) Potential legislation similar to S. 2736, Tax Refund Theft Prevention Act of 2014 Various issues relating to tax extenders including R&D tax credit, bonus depreciation, exemptions for active financing income, deferral tax provisions, S-Corp tax provisions, and Section 179 expensing limits; international competitiveness of corporate tax rates; legislative proposals on corporate tax inversions; repatriation of multinational business earnings; bilateral income tax treaties and protocols, including those with Chile, Hungary, Switzerland, Luxembourg, Spain and Poland; tax reform; tax expenditures; Senate Finance Committee tax reform working groups; patent box or innovation box proposals; cash accounting; potential changes to the Small Business Regulatory Enforcement Fairness (SBREFA) Act of 1996 (P.L. 104-121); interpretation of IRS Rule 305(c); financial transaction tax

H.R. 160 - Protect Medical Innovation Act of 2015 (Medical Device Tax) H.R. 636 - Americas Small Business Tax Relief Act (Sec. 179) H.R. 1185 - Responsible Additions and Increases to Sustain Employee (RAISE) Health Benefits Act of 2015 (Flexible Spending Accounts) H.R. 2911 - Small Business Healthcare Relief Act (HRAs) S. 149 - Medical Device Access and Innovation Protection Act (Medical Device Tax) S. 1697 - Small Business Healthcare Relief Act (HRAs) S. 1827 - Small Business Tax Compliance Relief Act of 2015 (Cash accounting) S. 1946 - Tax Relief Extension Act of 2015 (Section 179 tax deduction) Business Tax Reform

Client expense: $610,000 · Firm income: Not reported

Alternative minimum tax; Cash basis method of accounting; CPA representation of state-legal marijuana businesses; Tax Disaster Relief - National Disaster Tax Relief Act of 2015 (H.R. 3110 / S. 1795); Deductions for adjusted gross income (certain attorney fees and court costs); Education-related provisions; Estates & Trusts - Allow administrative relief for late portability, inter vivos qualified terminal interest property, and qualified revocable trust elections; Treat consistently all federal tax payments of trusts and estates; Amend section 67(e) to simplify the law and allow estates and nongrantor trusts to fully deduct the cost of complying with fiduciary duties in administering estates and trusts; Exempt from the filing requirement of section 6034(a) trusts with charitable deductions only from flow-through entities; Subject estates, certain qualified revocable trusts, and qualified disability trusts to the income tax and net investment income tax in the same manner as married persons filing separate returns; Require Form 1099 reporting of interest and dividends paid to charitable remainder trusts; Provide portability relief - Filing election/tax return15 months after death; Simplified Form 706 EZ; Surviving spouse elections; Foreign trust withholding credit to U.S. beneficiaries; Section 2801 estate tax expatriation guidance; Estate tax closing letters; Estate tax basis consistency reporting; Executive Compensation - Section 409A; Excise tax on excess tax-exempt organization executive compensation; Exempt Organizations - Form 990; Jeopardizing investments; Unrelated Business Income Tax (name and logo royalties treated as unrelated business taxable income; parity of charitable contribution limitation between trusts and corporations; increased specific deduction; qualified sponsorship payments); Penalties (increase in information return penalties; manager-level accuracy-related penalty on underpayment of unrelated business income tax); Tax Exempt Entities/Excise Taxes (modification of intermediate sanctions; modification of taxes on self-dealing; excise tax on failure to distribute within five years contribution to donor advised fund; repeal of exception for private operating foundation failure to distribute income; excise tax based on investment income of private colleges and universities); Supporting organizations; SSNs on EO tax forms; Foreign trusts - Compliance issues continuing monitoring/discussing; Withholding issues with FATCA for foreign trusts and U.S. beneficiaries; Health insurance deduction - Provide full deductibility of health insurance for small businesses; International Taxation - BEPs; Pending Income Tax Treaties and Protocols; Taxation of Foreign Income; IRS authority over tax return preparers and identity theft - Chairman's Mark of A Bill To Prevent Identity Theft And Tax Refund Fraud (JCX-108-15); Taxpayer Protection and Preparer Proficiency Act of 2015 (S. 137); Taxpayer Bill of Rights - Taxpayer Bill of Rights Act of 2015 (H.R. 1058, S. 949, S. 951); Small Business Taxpayer Bill of Rights Act of 2015 (H.R. 1828, S. 949); Taxpayer Bill of Rights Enhancement Act of 2015 (S. 1578); IRS determination letter program; IRS budget, IRS customer service; Kiddie Tax rules; Listed property issues - Removing computer equipment from the definition of listed property; Internet sales and use tax collection: Marketplace Fairness Act of 2015 (S. 698), Remote Transactions Parity Act of 2015 (H.R. 2775); Medical lodging deduction limitation with the allowable business per diem rates; Methods/Periods/Credits - Cost recovery issues/UNICAP (including Sections 168, 179 and 263A); Mischaracterized section 174 expenditures; Modification of Rev. Proc. 2004-34 and Treas. Reg. 1.451-5 concerning the deferral of advance payments; Research credit; Tangible property regulations; Amortization of certain research and experimental expenditures.; Amortization of certain advertising expenditures; Tax treatment of deferred revenue in taxable asset acquisitions; Revenue Procedure 2015-20, De minimis safe harbor limit; Accounting method changes for mischaracterized section 174 expenditures needing a section 481(a) adjustment and audit protection; Mileage rates for business expense, medical expense, moving expense and charitable contribution purposes; Mobile Workforce State Income Tax Simplification Act of 2015 (H.R. 2315 and S. 386); Net operating loss deduction; Pass-through Entities - Allow Subchapters K and S to Remain as Separate Subchapters; Retain the Flexibility of the Subchapter K Model (Including Special Allocations and Outside Basis for Partnership Level Debt); Retain the Check-the-Box Rules; Obtain Tax Rate Parity Between Pass-Through Business Entities and C Corporations; Repeal Section 1372: Partnership Rules to Apply for Fringe Benefit Purposes for S Corporations; Make Permanent the Reduced Recognition Period for Built-In Gains for S Corporations; Allow Full Consideration of Net Realized Built-In Loss for S Corporations; Make Remedial Allocations Mandatory for Partnerships with Greater than 5% Nonresident Alien Individuals as Partners; Eliminate the Section 751(b) Calculation on Disproportionate Distributions; Oppose Any Proposal for Tax Treatment of "Large" Partnerships as Corporations; Require Mandatory Adjustments to Basis of Partnership Property in Case of Transfer of Partnership Interests and Mandatory Adjustments to Basis of Undistributed Partnership Property; Allow Accumulated Earnings and Profits Withdrawal from S Corporations with Certainty; Reduce Realized Built-In Gains of S Corporations by the Amount of Accrued State Income Tax; Allow Incentive Deductions Permitted by the Internal Revenue Code to Flow Through to Taxpayers Without Basis Limitations; Repeal the Prohibition of Section 179(d)(4) for Estates/Trusts; Alternatively, Allow Pass-Through Entity Allocation and Amortization at the Estate /Trust Level; Charitable Contribution Deduction for Electing Small Business Trusts; Permanent Rule Regarding Basis Adjustment to Stock of S Corporations Making Charitable Contribution of Property; Allow an offset to the built-in gains tax for charitable contribution and foreign tax credit carryforwards from a C year; Add a new 120-day post-termination transition period beginning on the date that a taxpayer files an amended Form 1120S; Allow S corporations to have nonresident aliens as shareholders and potential current beneficiaries of electing small business trusts; Repeal section 1362(d)(3), which terminates an S election due to passive investment income that exceeds a certain threshold, or increase the passive investment income threshold of S corporations under section 1375(a)(2) from 25% to 60%; Extension of time for making S corporation elections; Partnership audits and adjustments; Allow the transfer of any partnership suspended losses to his/her spouse when spousal transfers under section 1041(a) take place; Clarify that husband and wife partnerships that are recognized under state law are eligible to elect Qualified Joint Venture status under section 761(f); Repeal section 708(b)(1)(B) relating to the technical terminations of partnerships; Retain existing safe harbors for allocation of shared partnership liabilities; Request for Guidance Regarding Worthless Stock Deductions Under Section 165(g) for S Corporations; Partnership Audit Simplification Act of 2015 (H.R. 2821); Patient Protection and Affordable Care Act (P.L. 111-148) implementation and related issues; Health reimbursement arrangements: The Small Business Healthcare Relief Act (H.R. 2911 / S. 1697); Savings & Investments - Consolidate and simplify the multiple types of tax-favored retirement plans and the rules governing them; Eliminate Certain Nondiscrimination Tests on Employee Pre-tax and Roth Deferrals for 401(k) Plans, Matching Contributions; Eliminate the Top-Heavy Rules; Create a Uniform Rule Regarding the Determination of Basis in Distributions; Create a Uniform Attribution Rule; Create a Uniform Definition of Owners; Change the Required Minimum Distribution Rules During Life and Remove Half-Year Age References; Create Uniform Rules for Early Withdrawal Penalties; Elimination of Income Limits on Contributions to Roth IRAs; Inflation Adjustments for Roth IRA Contributions; Simplify the tax treatment of Roth individual retirement account contributions; SEPs; SIMPLE 401(k)s; Rules Related to Designated Roth Contributions; Repeal the requirement that benefits become fully vested upon a partial termination of a qualified retirement plan; Small Business Tax Compliance Relief Act of 2015 (S. 1827); The Self-Employment Contributions Act (SECA); Determination of net earnings from self-employment; Equalize the tax treatment between employees and self-employed individuals with respect to the deduction for health insurance costs in determining income subject to OASDI and HI taxes; Tax Reform (General) - Principles of Good Tax Policy; Tax extenders; Permanence of tax legislation; Tax administration and compliance - Amend the section 6051 reporting requirement to permit truncation of employee social security numbers; Clarification of six-year statute of limitations in case of overstatement of basis; Penalties (definition of tax shelters; significant purpose; reasonable cause exceptions; penalty for failure to file; penalty for failure to file correct information returns and provide payee statements; Form 3520 and 3520-A penalties; late filing penalties under sections 6698 and 6699; Form 5471 penalty relief); Pre-populated returns; Repeal the section 7122(c)(1) requirement to provide a 20% partial payment with a lump-sum offer in compromise; Section 9100 relief (administrative relief for missed statutory elections); Tax Administration Integrity Act (H.R. 3167); Tax rates and definitions - Consistent definitions in the Internal Revenue Code; Deduction for adjusted net capital gain; Elimination of surtaxes; Inflation-adjusting thresholds and amounts; Repeal of phase-ins/phase-outs; Simplified Income Tax Rate Structure; Tax return due dates (Public Law 114-41, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015);

House: H.R. 928, the Jobs and Premium Protection Act - support. H.R. 636, the Americas Small Business Tax Relief Act of 2015 - support. H.R. 550, the Equal Employment Opportunity Commission (EEOC or Commission) Transparency and Accountability Act - support. H.R. 549, the Litigation Oversight Act of 2015 - support. H.R. 548, the Certainty in Enforcement Act of 2015 - support. H.R. 1189, the Preserving Employee Wellness Programs Act - support. H.R. 1105, the Death Tax Repeal Act of 2015 - support. H.R. 1199, the Innocent Sellers Fairness Act - support. H.R. 1671, Government Neutrality in Contracting Act - support. H.Con. Res. 27, the Fiscal Year 2016 Budget Resolution - support. H.R. 1147, the Legal Workforce Act of 2015 - support. H.R. 863, the STARS Act of 2015 - support. H.R. 1270, the Restoring Access to Medication Act of 2015 - support. H.R. 622, State and Local Sales Tax Deduction Fairness Act of 2015 - support. H.R. 2911, the Small Business Healthcare Relief Act - support. Section 105 to H.R. 2028, the FY2016 Energy and Water Development, and Related Agencies Appropriations Act - support. Sections 113, 407, and 408 of FY2016 Labor, Health and Human Services, Education, and Related Agencies Appropriations Act - support. H.R. 540 and S. 255, the Fifth Amendment Integrity Restoration Act, or FAIR Act - support. H.R. 2524, Support Our Start-Ups Act - support. H.R. 2310, Helping Our Middle Class Entrepreneurs (HOME) Act - support. Mulvaneys (R-S.C.) amendment ensuring fair and open competition for federal construction contracts authorized by the National Defense Authorization Act (NDAA) for FY 2016 (H.R. 1735) - support. Section 132 and 134 of the Houses Fiscal Year 2016 Transportation-Housing Appropriations Bill - support. H.R. 629, the Permanent S Corporation Built-in Gain Recognition Period Act of 2015 - support. H.R. 3328, the Small Business Regulatory Sunset Act - support. H.R. 758, the Lawsuit Abuse Reduction Act of 2015 - support. H.R. 2698, Tanning Tax Repeal Act - support. H.R. 1624, the Protecting Affordable Coverage for Employees Act. - support. H.R. 3318, the Reducing Tax Preparation Burdens for American Investments and Repairs Act - support. H.R. 3110, National Disaster Tax Relief Act of 2015 - support. H.R. 3459, the Protecting Local Business Opportunity Act - support. H.R. 1266 - the Financial Product Safety Commission Act - support Senate: S. 183, the Jobs and Premium Protection Act of 2015 - support. S. 30, Forty Hours is Full-Time Act of 2015 - support. S.J. Res. 8, a Congressional Review Act resolution of disapproval in response to the National Labor Relations Boards (NLRB) ambush election rule related to the union election process - support. S. 620, Preserving Employee Wellness Programs Act - support. S. 71, Government Neutrality in Contracting Act - support. S. 709, the Restoring Access to Medication Act of 2015 - support. S. 1697, the Small Business Healthcare Relief Act - support. S. 1140, the Federal Water Quality Protection Act - support. S. 1536, the Small Business Regulatory Flexibility Improvements Act of 2015 - support. S. 1827, Small Business Tax Compliance Relief Act - support. S. 1487, the Regulatory Predictability for Business Growth Act of 2015 - support. Sec. 134 (HOS) and 135 (insurance) of H.R. 2577, FY2016 Transportation, Housing and Urban Development, and Related Agencies (THUD) Appropriations Bill - support. Section 913 of S 1269 - oppose. S. 2006, the Regulatory Accountability Act of 2015 - support. S. 1607, the Independent Agency Regulatory Analysis Act of 2015 -support. S. 1099, the Protect Affordable Coverage for Employees Act - support. S. 2015, the Protecting Local Business Opportunity Act - support. Hearings: -Karen Harned testified before the House Committee on the Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law. July 15, 2015. -Nick Karellas testified before the Senate Small Business Committee on Targeted Tax Reform: Solutions to Relieve the Tax Compliance Burdens for Americas Small Businesses. July 22, 2015. -Beth Milito testified before the House Committee on the Judiciary Subcommittee on the Constitution, the Fraudulent Joinder Prevention Act of 2015. September 29, 2015. Comments: -U.S. Department of Labor, RIN: 1235-AA11, Request for Extension of Comment Deadline on Proposed Rulemaking Regarding Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, July 13, 2015. -U.S. Department of Labor, RIN 1210-AB32 - Definition of the Term Fiduciary; Conflict of Interest Rule-Retirement Investment Advice and associated proposed exemptions, July 21, 2015. -U.S. Department of Labor, RIN 1235-AA11; Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees - Request for Extension of Comment Period, August 4, 2015. -U.S. Department of Labor, RIN 1235-AA11; Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees, September 3, 2015. -U.S. Department of Labor, RIN: 1235-AA11, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, September 4, 2015. Other Issues: -Tax Reform -Regulatory Reform -H-2B visas -Tax Extenders -Section 179 - business expensing -Surface Bill Financial Responsibility -Overtime Rule -Fiduciary Rule

Support comprehensive tax reform Support for commercial roof depreciation reform Monitor tax reform proposals Support H.R. 636, the Americas Small Business Tax Relief Act Support H.R. 2510, a bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation Support H.R. 2517, the Powering American Jobs Act Monitor H.R. 3038, the Highway and Transportation Funding Act Support S. 1946, the Tax Relief Extension Act Monitor S. 1827, the Small Business Tax Compliance Relief Act

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

Government targets: Army, Dept of (Corps of Engineers), Environmental Protection Agency (EPA), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE