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Legislative Progress
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Investment in New Ventures and Economic Success Today Act of 2017 or the INVEST Act of 2017 This bill amends the Internal Revenue Code to modify various tax deductions, accounting methods, expensing rules, and cost recovery rules that apply to businesses. The bill replaces several existing provisions relating to deductions for start-up and organizational business expenses with a consolidated deduction. The new provision applies to all business types, increases the dollar limitations for expenses that may be deducted, and reduces the amortization period for costs that exceed the expensing limit. With respect to accounting methods, the bill modifies the requirements for using the cash accounting method, inventory accounting rules for small businesses, and accounting rules that apply to certain construction contracts. The bill modifies the expensing and cost recovery rules to: increase the dollar limitation for the expensing of certain depreciable business assets, modify the rules that apply to the expensing of costs related to real property, make permanent the rule that allows businesses to elect to expense 50% of the cost of certain property and recover the remaining cost under the current depreciation rules, modify the depreciation rules for farm machinery and equipment, require the Department of the Treasury to update the schedule of class lives for depreciable property, modify the depreciation rules for luxury automobiles, modify the depreciation rules for computer or peripheral equipment used for personal purposes, and reduce the amortization period for intangible property acquired by a business.
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Filing registrants (14)
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3011-3012)
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2018 · fourth_quarter · Taxation/Internal Revenue Code
Issues impacting multiple areas of the tax law and code including, tax reform implementation and technical corrections; P.L.115-97; INVEST Act of 2017, S. 1144 (domestic, tax-exempt and international); Tax disaster relief, National Disaster Tax Relief Act of 2017, H.R. 3679; Disaster Tax Relief and Airport and Extension Act of 2017, H.R. 3823; Retirement, Savings, and Other Tax Relief Act of 2018 (House Amendment to the Senate Amendment to H.R. 88); Technical corrections, Consolidated Appropriations Act of 2018, P.L. 115-141; Tax administration and compliance (streamlined critical pay authority, penalty relief, taxpayer service, transcript processing change, IRS modernization and the Taxpayer First Act, H.R. 5444); Identity theft; Identifying and Reducing Tax Regulatory Burdens, Executive Order 13789; IRS and Treasury Priority Guidance Plan; Tax Reform 2.0 - Protecting Family and Small Business Tax Cuts Act of 2018, H.R. 6760, American Innovation Act of 2018, H.R. 6756, and Family Savings Act of 2018, H.R. 6757; Tax preparer issues (including IRS regulation of tax return preparers); Protecting Taxpayer Act, H.R. 3278; Partnership tax issues (including the centralized partnership audits regime and targeted capital accounts and disguised sales); Mobile Workforce State Income Tax Simplification Act of 2017, HR 1393 and S 540; Identifying and Reducing Tax Regulatory Burdens, Executive Order 13789; Section 2704 valuation discount regulations; Section 958 Attribution Rules; Section 642 Excess Deductions of Trusts and Estates; Section 965 Transition Tax; Form 5471 Filing Requirements; Section 199A, Qualified Business Income; IRS Determination Letter Program; IRS 5263C letters on identity verification for estates and trusts; Virtual Currency.
Client expense: $1,310,000 · Firm income: Not reported
Government targets: Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of
2018 · fourth_quarter · Taxation/Internal Revenue Code
-HR 1393 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -HR 1776 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -HR 2193 - Remote Transactions Parity Act of 2017 - all provisions related to cable. -HR 2450 - Facilitating Investments in Local Markets Act of 2017 - all provisions related to cable. -HR 2887 - No Regulation Without Representation Act of 2017 - all provisions related to cable. -HR 5217 - Transforming Hiring in Rural Industries and Vital Economies Act of 2017 - all provisions related to cable. -HR 7058 - Digital Goods and Services Tax Fairness Act of 2018 - all provisions related to cable. -S 540 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -S 771 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -S 976 - Marketplace Fairness Act of 2017 - all provisions related to cable. -S 1144 - Investment in New Ventures and Economic Success Today (INVEST) Act of 2017 - all provisions related to cable. -S 1210 - A bill to amend the Internal Revenue Code of 1986 to reduce tax rates across the board - all provisions related to cable. -S 1229 - Move America Act of 2017 - all provisions related to cable. -S 1469 - A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions - all provisions related to cable. -S 3180 - Stop Taxing Our Potential Act - all provisions related to cable. -S 3581 - Digital Goods and Services Tax Fairness Act of 2018 - all provisions related to cable. -SRes 433 - Expressing the sense of the Senate that the Marketplace Fairness Act of 2017 would harm the economy of the U.S. and place an undue burden on small businesses and multiple States across the U.S. - all provisions related to cable.
2018 · fourth_quarter · Taxation/Internal Revenue Code
Issues impacting multiple areas of the tax law and code including, tax reform implementation and technical corrections; P.L.115-97; INVEST Act of 2017, S. 1144 (domestic, tax-exempt and international); Tax disaster relief, National Disaster Tax Relief Act of 2017, H.R. 3679; Disaster Tax Relief and Airport and Extension Act of 2017, H.R. 3823; Retirement, Savings, and Other Tax Relief Act of 2018 (House Amendment to the Senate Amendment to H.R. 88); Technical corrections, Consolidated Appropriations Act of 2018, P.L. 115-141; Tax administration and compliance (streamlined critical pay authority, penalty relief, taxpayer service, transcript processing change, IRS modernization and the Taxpayer First Act, H.R. 5444); Identity theft; Identifying and Reducing Tax Regulatory Burdens, Executive Order 13789; IRS and Treasury Priority Guidance Plan; Tax Reform 2.0 - Protecting Family and Small Business Tax Cuts Act of 2018, H.R. 6760, American Innovation Act of 2018, H.R. 6756, and Family Savings Act of 2018, H.R. 6757; Tax preparer issues (including IRS regulation of tax return preparers); Protecting Taxpayer Act, H.R. 3278; Partnership tax issues (including the centralized partnership audits regime and targeted capital accounts and disguised sales); Mobile Workforce State Income Tax Simplification Act of 2017, HR 1393 and S 540; Identifying and Reducing Tax Regulatory Burdens, Executive Order 13789; Section 2704 valuation discount regulations; Section 958 Attribution Rules; Section 642 Excess Deductions of Trusts and Estates; Section 965 Transition Tax; Form 5471 Filing Requirements; Section 199A, Qualified Business Income; IRS Determination Letter Program; IRS 5263C letters on identity verification for estates and trusts; Virtual Currency.
2018 · fourth_quarter · Taxation/Internal Revenue Code
Support H.R. 631/S. 205, the Death Tax Repeal Act Support H.R. 1696/S. 711, the S Corps Modernization Act Monitor tax reform implementation Support S. 1144, INVEST Act Support S. 1859/H.R. 4831, the Healthcare Tax Relief Act Support H.R. 4894, the Harmful Tax Prevention Act Support S. 3063, the Health Insurance Tax Relief Act of 2018 Support H.R. 5963, To Delay the Reimposition of the Annual Fee on Health Insurance Providers until after 2020 Support H.R. 246, the Jobs and Premium Protection Act Support S. 1978, the Small Business and Family Health Tax Relief Act of 2017 Support H.R. 6277, the Main Street Tax Certainty Act Support H.R. 6760, the Protecting Family and Small Business Tax Cuts Act of 2018
Client expense: $150,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Treasury, Dept of
2018 · third_quarter · Taxation/Internal Revenue Code
-HR 1393 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -HR 1776 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -HR 2193 - Remote Transactions Parity Act of 2017 - all provisions related to cable. -HR 2450 - Facilitating Investments in Local Markets (FILM) Act of 2017 - all provisions related to cable. -HR 2887 - No Regulation Without Representation Act of 2017 - all provisions related to cable. -HR 5217 - Transforming Hiring in Rural Industries and Vital Economies Act of 2017 - all provisions related to cable. -HR 5464 - Pink Tax Repeal Act - all provisions related to cable. -S 1 - Tax Cuts and Jobs Act - all provisions related to cable. -S 540 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -S 771 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -S 976 - Marketplace Fairness Act of 2017 - all provisions related to cable. -S 1144 - Investment in New Ventures and Economic Success Today (INVEST) Act of 2017 - all provisions related to cable. -S 1210 - A bill to amend the Internal Revenue Code of 1986 to reduce tax rates across the board - all provisions related to cable. -S 1229 - Move America Act of 2017 - all provisions related to cable. -S 1469 - A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions - all provisions related to cable. -S 3180 - Stop Taxing Our Potential Act - all provisions related to cable. -SRes 433 - Expressing the sense of the Senate that the Marketplace Fairness Act of 2017 would harm the economy of the U.S. and place an undue burden on small businesses and multiple States across the U.S. - all provisions related to cable.
Client expense: $3,840,000 · Firm income: Not reported
Government targets: Federal Communications Commission (FCC), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Natl Telecommunications & Information Administration (NTIA), Office of Science & Technology Policy (OSTP), SENATE
Client expense: $1,310,000 · Firm income: Not reported
Government targets: Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of
Client expense: $2,780,000 · Firm income: Not reported
Government targets: Federal Communications Commission (FCC), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Natl Telecommunications & Information Administration (NTIA), SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
Support H.R. 631/S. 205, the Death Tax Repeal Act Support H.R. 1696/S. 711, the S Corps Modernization Act Monitor tax reform implementation Support S. 1144, INVEST Act Support S. 1859/H.R. 4831, the Healthcare Tax Relief Act Support H.R. 4894, the Harmful Tax Prevention Act Support S. 3063, the Health Insurance Tax Relief Act of 2018 Support H.R. 5963, To Delay the Reimposition of the Annual Fee on Health Insurance Providers until after 2020 Support H.R. 246, the Jobs and Premium Protection Act Support S. 1978, the Small Business and Family Health Tax Relief Act of 2017 Support H.R. 6277, the Main Street Tax Certainty Act
Client expense: $150,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Treasury, Dept of
2018 · third_quarter · Taxation/Internal Revenue Code
Issues impacting multiple areas of the tax law and code including, tax reform implementation and technical corrections; P.L.115-97; INVEST Act of 2017, S. 1144 (domestic, tax-exempt and international); Tax disaster relief, National Disaster Tax Relief Act of 2017, H.R. 3679; Disaster Tax Relief and Airport and Extension Act of 2017, H.R. 3823; Technical corrections, Consolidated Appropriations Act of 2018, P.L. 115-141; Tax administration and compliance (streamlined critical pay authority, penalty relief, taxpayer service, transcript processing change, IRS modernization and the Taxpayer First Act, H.R. 5444); Identity theft; Identifying and Reducing Tax Regulatory Burdens, Executive Order 13789; IRS and Treasury Priority Guidance Plan; Tax Reform 2.0 - Protecting Family and Small Business Tax Cuts Act of 2018, H.R. 6760, American Innovation Act of 2018, H.R. 6756, and Family Savings Act of 2018, H.R. 6757; Tax preparer issues (including IRS regulation of tax return preparers); Protecting Taxpayer Act, H.R. 3278; Partnership tax issues (including the centralized partnership audits regime and targeted capital accounts and disguised sales); Mobile Workforce State Income Tax Simplification Act of 2017, HR 1393 and S 540; Identifying and Reducing Tax Regulatory Burdens, Executive Order 13789; Section 2704 valuation discount regulations; Section 958 Attribution Rules; Section 965 Transition Tax; Form 5471 Filing Requirements; Section 199A, Qualified Business Income; IRS Determination Letter Program; IRS 5263C letters on identity verification for estates and trusts; Virtual Currency.
Client expense: $1,310,000 · Firm income: Not reported
Government targets: Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of
2018 · second_quarter · Taxation/Internal Revenue Code
-HR 1393 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -HR 1776 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -HR 2193 - Remote Transactions Parity Act of 2017 - all provisions related to cable. -HR 2450 - Facilitating Investments in Local Markets (FILM) Act of 2017 - all provisions related to cable. -HR 2887 - No Regulation Without Representation Act of 2017 - all provisions related to cable. -HR 5217 - Transforming Hiring in Rural Industries and Vital Economies Act of 2017 - all provisions related to cable. -HR 5464 - Pink Tax Repeal Act - all provisions related to cable. -S 1 - Tax Cuts and Jobs Act - all provisions related to cable. -S 540 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -S 771 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -S 976 - Marketplace Fairness Act of 2017 - all provisions related to cable. -S 1144 - Investment in New Ventures and Economic Success Today (INVEST) Act of 2017 - all provisions related to cable. -S 1210 - A bill to amend the Internal Revenue Code of 1986 to reduce tax rates across the board - all provisions related to cable. -S 1229 - Move America Act of 2017 - all provisions related to cable. -S 1469 - A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions - all provisions related to cable. -S 3180 - Stop Taxing Our Potential Act - all provisions related to cable. -SRes 433 - Expressing the sense of the Senate that the Marketplace Fairness Act of 2017 would harm the economy of the U.S. and place an undue burden on small businesses and multiple States across the U.S. - all provisions related to cable.
Client expense: $3,290,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Natl Telecommunications & Information Administration (NTIA), Office of Science & Technology Policy (OSTP), SENATE
2018 · second_quarter · Taxation/Internal Revenue Code
Support H.R. 631/S. 205, the Death Tax Repeal Act Support H.R. 1696/S. 711, the S Corps Modernization Act Monitor tax reform implementation Support S. 1144, INVEST Act Support S. 1859/H.R. 4831, the Healthcare Tax Relief Act Support H.R. 4894, the Harmful Tax Prevention Act Support S. 3063, the Health Insurance Tax Relief Act of 2018 Support H.R. 5963, To Delay the Reimposition of the Annual Fee on Health Insurance Providers until after 2020 Support H.R. 246, the Jobs and Premium Protection Act Support S. 1978, the Small Business and Family Health Tax Relief Act of 2017
Client expense: $150,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Treasury, Dept of
2018 · second_quarter · Taxation/Internal Revenue Code
Issues impacting multiple areas of the tax law and code including, tax reform implementation and technical corrections; P.L.115-97; INVEST Act of 2017, S. 1144 (domestic, tax-exempt and international); Tax disaster relief, National Disaster Tax Relief Act of 2017, H.R. 3679; Disaster Tax Relief and Airport and Extension Act of 2017, H.R. 3823; Technical corrections, Consolidated Appropriations Act of 2018, P.L. 115-141; Tax administration and compliance (streamlined critical pay authority, penalty relief, taxpayer service, IRS modernization and the Taxpayer First Act, H.R. 5444); Identity theft; Identifying and Reducing Tax Regulatory Burdens, Executive Order 13789; IRS and Treasury Priority Guidance Plan; Tax preparer issues (including IRS regulation of tax return preparers); Partnership tax issues (including the centralized partnership audits regime and targeted capital accounts and disguised sales); Mobile Workforce State Income Tax Simplification Act of 2017, HR 1393 and S 540; Identifying and Reducing Tax Regulatory Burdens, Executive Order 13789; Section 2704 valuation discount regulations; Section 958 Attribution Rules; Section 965 Transition Tax; Form 5471 Filing Requirements; Section 199A, Qualified Business Income; IRS Determination Letter Program; IRS 5263C letters on identity verification for estates and trusts; Virtual Currency.
Client expense: $1,300,000 · Firm income: Not reported
Government targets: Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of
2018 · first_quarter · Taxation/Internal Revenue Code
-HR 1393 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -HR 1776 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -HR 2193 - Remote Transactions Parity Act of 2017 - all provisions related to cable. -HR 2450 - Facilitating Investments in Local Markets (FILM) Act of 2017 - all provisions related to cable. -HR 2887 - No Regulation Without Representation Act of 2017 - all provisions related to cable. -HR 5217 - Transforming Hiring in Rural Industries and Vital Economies Act of 2017 - all provisions related to cable. -S 1 - Tax Cuts and Jobs Act - all provisions related to cable. -S 540 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -S 771 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -S 976 - Marketplace Fairness Act of 2017 - all provisions related to cable. -S 1144 - Investment in New Ventures and Economic Success Today (INVEST) Act of 2017 - all provisions related to cable. -S 1210 - A bill to amend the Internal Revenue Code of 1986 to reduce tax rates across the board - all provisions related to cable. -S 1229 - Move America Act of 2017 - all provisions related to cable. -S 1469 - A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions - all provisions related to cable. -SRes 433 - Expressing the sense of the Senate that the Marketplace Fairness Act of 2017 would harm the economy of the U.S. and place an undue burden on small businesses and multiple States across the U.S. - all provisions related to cable.
Client expense: $3,330,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Telecommunications & Information Administration (NTIA), Office of Science & Technology Policy (OSTP), SENATE, U.S. Copyright Office
2018 · first_quarter · Taxation/Internal Revenue Code
Issues impacting multiple areas of the tax law and code including, tax reform; P.L.115-97; INVEST Act of 2017, S. 1144; Tax disaster relief, National Disaster Tax Relief Act of 2017, H.R. 3679; Disaster Tax Relief and Airport and Extension Act of 2017, H.R. 3823; Technical corrections, Consolidated Appropriations Act of 2018, P.L. 115-141; Identity theft; IRS and Treasury Priority Guidance Plan; IRS regulation of tax return preparers; IRS service; Centralized partnership audits regime; Tax administration and compliance; Mobile Workforce State Income Tax Simplification Act of 2017, HR 1393 and S 540; Identifying and Reducing Tax Regulatory Burdens, Executive Order 13789; Section 2704 valuation discount regulations; Section 958 Attribution Rules; Section 965 Transition Tax; Form 5471 Filing Requirements; Section 199A, Qualified Business Income
Client expense: $1,280,000 · Firm income: Not reported
Government targets: Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of
2018 · first_quarter · Taxation/Internal Revenue Code
H.R. 1090 Technologies for Energy Security Act- Extending IRS code section 25D to allow for certain geothermal technologies to receive tax credits. S. 1144 INVEST Act- Provisions relating to the modification of rules for expensing depreciable business assets, the definition of qualified real property, provisions relating to cost recovery rules and the examination of the depreciation schedule for classes of depreciable property. Expensing and Depreciation- Supporting the amendment of section 179 and 168 of the IRS code to allow for the immediate expensing of HVACR products as well as an accurate depreciation period for HVACR equipment. Tax Rates- Lowering the corporate tax rate and the pass through rate to all for US products to remain globally viable.
Client expense: Not reported · Firm income: $20,000
Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), President of the U.S., SENATE, State, Dept of (DOS), U.S. Trade Representative (USTR)
2018 · first_quarter · Taxation/Internal Revenue Code
Support H.R. 631/S. 205, the Death Tax Repeal Act Support H.R. 1696/S. 711, the S Corps Modernization Act Monitor tax reform implementation Support S. 1144, INVEST Act Support S. 1859/H.R. 4831, the Healthcare Tax Relief Act Support H.R. 4894, the Harmful Tax Prevention Act Support the suspension of the health insurance tax (HIT) for 2019 included in the Continuing Resolution
Client expense: $150,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Treasury, Dept of
2017 · third_quarter · Taxation/Internal Revenue Code
Working with House and Senate staff on NCBA's priorities for tax reform including repeal of the Death Tax, prevent increase of Capital Gains tax, and make bonus depreciation permanent. Supporting HR 631 and S 205 - Death Tax Repeal Act Pushing to keep the step up in basis, as well as deductibility of business expenses and interest. Supporting S 1144 - The Investment in New Ventures and Economic Sense Today (INVEST) Act of 2017 Supporting HR 2887 - The No Regulation Without Representation Act
Client expense: $92,540 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of Land Management (BLM), Commodity Futures Trading Commission (CFTC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), SENATE, U.S. Trade Representative (USTR)
2017 · fourth_quarter · Taxation/Internal Revenue Code
Corporate Tax Reform International Tax Reform Tax Deductability of Advertising as an Ordinary/Necessary Business Expense Film Advertising Film Industry Data On-Location Motion Picture Production Economic Impact Sec. 181 - Film and Television Tax Credit Border Adjustment Interest Deductibility Bonus Depreciation H.R. 2450 - "Facilitating Investments in Local Markets ("FILM") Act of 2017" - all provisions related to film and television. S. 1144 - "Investment in New Ventures and Economic Success Today ("INVEST") Act of 2017" - all provisions related to film and television. S. 1469 - A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions - all provisions related to film and television.
Client expense: $890,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Library of Congress (LOC), Natl Economic Council (NEC), Patent & Trademark Office (PTO), SENATE, State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Immigration & Customs Enforcement (ICE), U.S. Trade Representative (USTR)
2017 · fourth_quarter · Taxation/Internal Revenue Code
S.1144, INVEST Act of 2017; H.R.1, Tax Cuts and Jobs Act (P.L.115-97); Issues related to accelerated depreciation in tax reform.
Client expense: Not reported · Firm income: $70,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Taxation/Internal Revenue Code
Corporate Tax Reform International Tax Reform Tax Deductability of Advertising as an Ordinary/Necessary Business Expense Film Advertising Film Industry Data On-Location Motion Picture Production Economic Impact Sec. 181 - Film and Television Tax Credit Border Adjustment Interest Deductibility Bonus Depreciation H.R. 2450 - "Facilitating Investments in Local Markets ("FILM") Act of 2017" - all provisions related to film and television. S. 1144 - "Investment in New Ventures and Economic Success Today ("INVEST") Act of 2017" - all provisions related to film and television. S. 1469 - A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions - all provisions related to film and television.
Client expense: $840,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Library of Congress (LOC), Natl Economic Council (NEC), Patent & Trademark Office (PTO), SENATE, State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Immigration & Customs Enforcement (ICE), U.S. Trade Representative (USTR)
2017 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to tax reform Issues relatedto House Republican Tax Reform Blueprint H.R. 1599 No Bonuses For Tax Delinquent IRS Employees Act H.R. 1810/S.777 Small Business Tax Equity Act of 2017 H.R. 1874 ABLE Age Adjustment Act H.R. 1896 ABLE to Work Act H.R. 1897 ABLE Financial Planning Act HR 2887 No Regulation without Representation S.1144 INVEST Act H.R. 1397 Seniors Tax Simplification Act H.R. 3223 The Refund Rights for Taxpayers Act, H.R. 3641 The Free File Permanency Act HR 2887 No Regulation without Representation
Client expense: $140,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2017 · fourth_quarter · Taxation/Internal Revenue Code
S.885 - Bill to amend the Internal Revenue Code of 1986 to include foster care transition youth as members of targeted groups for purposes of the work opportunity credit H.R. 2060 - Improved Employment Outcomes for Foster Youth Act of 2017 H.R. 631 - Death Tax Repeal Act of 2017 (Primary Bill) H.R. 198 - Death Tax Repeal Act of 2017 H.R. 451 - Permanently Repeal the Estate Tax Act of 2017 S.205 - Death Tax Repeal Act of 2017 Border adjustment tax as part of broader tax reform discussions S.711 / H.R. 1696 - S Corporation Modernization Act of 2017 S. 1144 - INVEST Act of 2017 H.R. 2887 - The No Regulation Without Representation Act of 2017 S. 976 - Marketplace Fairness Act of 2017 H.R. 2193 - Remote Transactions Parity Act of 2017 H.R. 1 - The Tax Cuts and Jobs Act - whole bill
Client expense: $170,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Taxation/Internal Revenue Code
-HR 1393 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -HR 1776 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -HR 2193 - Remote Transactions Parity Act of 2017 - all provisions related to cable. -HR 2450 - Facilitating Investments in Local Markets (FILM) Act of 2017 - all provisions related to cable. -HR 2887 - No Regulation Without Representation Act of 2017 - all provisions related to cable. -HJRes 123 - Making further continuing appropriations for fiscal year 2018, and for other purposes - all provisions related to cable. -S 1 - Tax Cuts and Jobs Act - all provisions related to cable. -S 540 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -S 771 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -S 976 - Marketplace Fairness Act of 2017 - all provisions related to cable. -S 1144 - Investment in New Ventures and Economic Success Today (INVEST) Act of 2017 - all provisions related to cable. -S 1210 - A bill to amend the Internal Revenue Code of 1986 to reduce tax rates across the board - all provisions related to cable. -S 1229 - Move America Act of 2017 - all provisions related to cable. -S 1469 - A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions - all provisions related to cable.
Client expense: $4,250,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), Natl Highway Traffic Safety Administration (NHTSA), Natl Institute of Standards & Technology (NIST), Natl Telecommunications & Information Administration (NTIA), Office of Management & Budget (OMB), Office of Science & Technology Policy (OSTP), SENATE, State, Dept of (DOS), Transportation, Dept of (DOT), U.S. Copyright Office
2017 · fourth_quarter · Taxation/Internal Revenue Code
S.1144, INVEST Act of 2017; H.R.1, Tax Cuts and Jobs Act (P.L.115-97); Issues related to accelerated depreciation in tax reform.
Client expense: Not reported · Firm income: $70,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 3515 - HVAC Expensing and Technology Act of 2017 - Amending the IRS code to provide for expensing of qualified energy efficient heating and air-conditioning property for certain taxpayers and accelerated cost recovery for such property for other taxpayers. H.R. 3507 - Bill to amend the Internal Revenue Code, with respect to the deduction for energy efficient commercial buildings make the deduction permanent and allow partnerships and S corporations to receive the full benefit of a deduction allocated at the partner or shareholder level, and exempt property placed in service in a qualified low-income building from the requirement to reduce the basis of the property by the amount of the deduction. S. 1144 - INVEST Act - Provisions relating to the modification of rules for expensing depreciable business assets, the definition of qualified real property, provisions relating to cost recovery rules and the examination of the depreciation schedule for classes of depreciable property. Expensing and Depreciation - Supporting the amendment of Sections 179 and 168 the IRS code to allow for the immediate expensing of HVACR products as well as an accurate depreciation period for HVACR equipment. Tax Rates - Lowering the corporate tax rate and the pass-through rate to allow for U.S. products to remain globally viable. H.R.1 - Tax Cuts and Jobs Act 2017- legislative vehicle for tax reform Tax Extender Act of 2017 - legislation to expand tax incentives for Geothermal technologies, new efficient home, commercial energy efficient equipment.
Client expense: $191,800 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), President of the U.S., SENATE, State, Dept of (DOS), U.S. Trade Representative (USTR), Vice President of the U.S.
2017 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1090 Technologies for Energy Security Act- Extending IRS code section 25D to allow for certain geothermal technologies to receive tax credits. S. 1144 INVEST Act- Provisions relating to the modification of rules for expensing depreciable business assets, the definition of qualified real property, provisions relating to cost recovery rules and the examination of the depreciation schedule for classes of depreciable property. Expensing and Depreciation- Supporting the amendment of section 179 and 168 of the IRS code to allow for the immediate expensing of HVACR products as well as an accurate depreciation period for HVACR equipment. Tax Rates- Lowering the corporate tax rate and the pass through rate to all for US products to remain globally viable.
Client expense: Not reported · Firm income: $20,000
Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), President of the U.S., SENATE, State, Dept of (DOS), U.S. Trade Representative (USTR)
2017 · fourth_quarter · Taxation/Internal Revenue Code
Issues impacting multiple areas of the tax law and code including, tax reform; P.L.115-97; INVEST Act of 2017, S. 1144; Tax disaster relief, National Disaster Tax Relief Act of 2017, H.R. 3679, Disaster Tax Relief and Airport and Extension Act of 2017, H.R. 3823; Identity theft; IRS and Treasury Priority Guidance Plan; IRS regulation of tax practitioners; IRS service; Centralized partnership audits regime; Tax administration and compliance; Mobile Workforce State Income Tax Simplification Act of 2017, HR 1393 and S 540; Identifying and Reducing Tax Regulatory Burdens, Executive Order 13789; Section 2704 valuation discount regulations.
Client expense: $1,280,000 · Firm income: Not reported
Government targets: Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of
2017 · fourth_quarter · Taxation/Internal Revenue Code
Support H.R. 631/S. 205, the Death Tax Repeal Act Support H.R. 1696/S. 711, the S Corps Modernization Act Support comprehensive tax reform Monitor tax reform proposals Support S. 1144, INVEST Act Support H.R. 1, the Tax Cuts and Jobs Act Support the Senate amendment to H.R. 1, the Tax Cuts and Jobs Act Support the conference report to H.R. 1, the Tax Cuts and Jobs Act Support S. 1859, the Healthcare Tax Relief Act
Client expense: $150,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Treasury, Dept of
2017 · third_quarter · Taxation/Internal Revenue Code
Corporate Tax Reform International Tax Reform Tax Deductability of Advertising as an Ordinary/Necessary Business Expense Film Advertising Film Industry Data On-Location Motion Picture Production Economic Impact Sec. 181 - Film and Television Tax Credit Border Adjustment Interest Deductibility Bonus Depreciation H.R. 2450 - "Facilitating Investments in Local Markets ("FILM") Act of 2017" - all provisions related to film and television. S. 1144 - "Investment in New Ventures and Economic Success Today ("INVEST") Act of 2017" - all provisions related to film and television. S. 1469 - A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions - all provisions related to film and television.
Client expense: $860,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Library of Congress (LOC), Natl Economic Council (NEC), Patent & Trademark Office (PTO), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Copyright Office, U.S. Immigration & Customs Enforcement (ICE), U.S. Trade Representative (USTR)
2017 · third_quarter · Taxation/Internal Revenue Code
H.R. 3515 - HVAC Expensing and Technology Act of 2017 - Amending the IRS code to provide for expensing of qualified energy efficient heating and air-conditioning property for certain taxpayers and accelerated cost recovery for such property for other taxpayers. H.R. 3507 - Bill to amend the Internal Revenue Code, with respect to the deduction for energy efficient commercial buildings make the deduction permanent and allow partnerships and S corporations to receive the full benefit of a deduction allocated at the partner or shareholder level, and exempt property placed in service in a qualified low-income building from the requirement to reduce the basis of the property by the amount of the deduction. H.R. 1090 - Technologies for Energy Security Act - Extending IRS code Section 25D to allow for certain geothermal technologies to receive tax credits. S. 1409 - Technologies for Energy Jobs and Security Act of 2017 - Extending IRS Code Section 25D to allow for certain geothermal technologies to receive tax credits. S. 1144 - INVEST Act - Provisions relating to the modification of rules for expensing depreciable business assets, the definition of qualified real property, provisions relating to cost recovery rules and the examination of the depreciation schedule for classes of depreciable property. Expensing and Depreciation - Supporting the amendment of Sections 179 and 168 the IRS code to allow for the immediate expensing of HVACR products as well as an accurate depreciation period for HVACR equipment. Tax Rates - Lowering the corporate tax rate and the pass-through rate to allow for U.S. products to remain globally viable.
Client expense: $170,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), President of the U.S., SENATE, State, Dept of (DOS), U.S. Trade Representative (USTR)
2017 · third_quarter · Taxation/Internal Revenue Code
Issues related to tax reform Issues relatedto House Republican Tax Reform Blueprint H.R. 1599 No Bonuses For Tax Delinquent IRS Employees Act H.R. 1810/S.777 Small Business Tax Equity Act of 2017 H.R. 1874 ABLE Age Adjustment Act H.R. 1896 ABLE to Work Act H.R. 1897 ABLE Financial Planning Act HR 2887 No Regulation without Representation S.1144 INVEST Act H.R. 1397 Seniors Tax Simplification Act H.R. 3223 The Refund Rights for Taxpayers Act, H.R. 3641 The Free File Permanency Act HR 2887 No Regulation without Representation
Client expense: $110,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2017 · third_quarter · Taxation/Internal Revenue Code
-HR 1393 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -HR 1776 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -HR 2193 - Remote Transactions Parity Act of 2017 - all provisions related to cable. -HR 2450 - Facilitating Investments in Local Markets (FILM) Act of 2017 - all provisions related to cable. -HR 2887 - No Regulation Without Representation Act of 2017 - all provisions related to cable. -S 540 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -S 771 - Improving Access to Affordable Prescription Drugs Act - all provisions related to cable. -S 976 - Marketplace Fairness Act of 2017 - all provisions related to cable. -S 1144 - Investment in New Ventures and Economic Success Today (INVEST) Act of 2017 - all provisions related to cable. -S 1210 - A bill to amend the Internal Revenue Code of 1986 to reduce tax rates across the board - all provisions related to cable. -S 1229 - Move America Act of 2017 - all provisions related to cable. -S 1469 - A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions - all provisions related to cable.
Client expense: $2,480,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Institute of Standards & Technology (NIST), Natl Telecommunications & Information Administration (NTIA), Office of Science & Technology Policy (OSTP), SENATE, Transportation, Dept of (DOT)
2017 · third_quarter · Taxation/Internal Revenue Code
General issues related to comprehensive, corporate and individual tax reform; issues related to taxation of professional service firm revenue (cash to accrual); INVEST Act of 2017, S. 1144 (general tax reform, including issues related to taxation of professional service firms); and issues related to centralized partnership audit regimes.
Client expense: $580,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2017 · third_quarter · Taxation/Internal Revenue Code
S.885 - Bill to amend the Internal Revenue Code of 1986 to include foster care transition youth as members of targeted groups for purposes of the work opportunity credit H.R. 2060 - Improved Employment Outcomes for Foster Youth Act of 2017 H.R. 631 - Death Tax Repeal Act of 2017 (Primary Bill) H.R. 198 - Death Tax Repeal Act of 2017 H.R. 451 - Permanently Repeal the Estate Tax Act of 2017 S.205 - Death Tax Repeal Act of 2017 Border adjustment tax as part of broader tax reform discussions S.711 / H.R. 1696 - S Corporation Modernization Act of 2017 S. 1144 - INVEST Act of 2017 H.R. 2887 - The No Regulation Without Representation Act of 2017 S. 976 - Marketplace Fairness Act of 2017 H.R. 2193 - Remote Transactions Parity Act of 2017 Tax Reform Framework - "Unified Framework for Fixing our Broken Tax Code"
Client expense: $210,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE
2017 · third_quarter · Taxation/Internal Revenue Code
Specific lobbying issues Tax Reform Promoted comprehensive approach to tax reform that avoids enacting reform for C corporations at the expense of flow-through entities or otherwise disadvantaging multifamily real estate relative to other asset classes. Support maintaining current law regarding: (1) the tax treatment of carried interest; (2) the full deductibility of business interest; (3) the Low-Income Housing Tax Credit (while also increasing program resources) and tax-exempt multifamily housing bonds; (4) the permanent estate tax rules enacted in January 2013; (5) Section 1031 like-kind exchanges; (6) the 27.5-year depreciation period for multifamily buildings (we also support reducing the depreciation period of multifamily buildings to 19 years, their economic life); (7) depreciation recapture; and (8) the deductibility of state and local real estate taxes. We oppose proposals increasing taxes on capital gains. Finally, we favor: (1) allowing business income of multifamily pass-through entities to fully qualify for any future lower pass-through tax rate; (2) repealing or reforming FIRPTA rules to incent foreign investment in U.S. real estate; and (3) expanding incentives for energy efficiency in commercial buildings (e.g., Internal Revenue Code Section 179D). Trump Administration and Congressional Republicans, Tax Reform: Unified Framework for Fixing Our Broken Tax Code, all provisions S. 1144, Investment in New Ventures and Economic Success Today (INVEST) Act of 2017, to encourage business creation by allowing faster recovery of start-up and organizational expenses, to simplify accounting methods for small businesses, to expand expensing and provide accelerated cost recovery to encourage investment in new plants and equipment, and for other purposes, Section 301: Modifications of Rules for Expensing Depreciable Assets; Section 311: 50-Percent Expensing Made Permanent. Supported repeal of net investment income tax as part of Affordable Care Act repeal legislation. Energy Supported extension of the Section 45L New Energy Efficient Home Credit and the Section 179D Energy Efficient Commercial Buildings Deduction (also favor improving the Commercial Buildings Deduction by establishing a sliding scale of energy improvements, which would help spur investment in energy efficient improvements in older buildings). H.R. 3507, to amend the Internal Revenue Code of 1986 to make permanent and modify the energy efficient commercial buildings deduction, and for other purposes, all provisions. H.R. 3515, HVAC Expensing and Technology Act of 2017, to amend the Internal Revenue Code of 1986 to provide for expensing of qualified energy efficient heating and air-conditioning property for certain taxpayers and accelerated cost recovery for such property for other taxpayers, all provisions. Low-Income Housing Tax Credit (LIHTC) & Workforce Housing H.R. 1661, Affordable Housing Credit Improvement Act of 2017, to amend the Internal Revenue Code of 1986 to reform the low-income housing tax credit, and for other purposes, all provisions. S. 548, Affordable Housing Credit Improvement Act, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. S. 3384 (114th Congress), Middle-Income Housing Tax Credit Act of 2016, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, all provisions. H.R., 3670, Rent Relief Act of 2017, to amend the Internal Revenue Code of 1986 to allow for a credit against tax for rent paid on the personal residence of the taxpayer, all provisions. Partnership Audits Department of the Treasury and Internal Revenue Service, Notice of proposed rulemaking on Centralized Partnership Audit Regime, REG-136118-15. Foreign Investment in Real Property Tax Act (FIRPTA) Request that Members of Congress ask that Treasury / IRS withdraw Section 2 of Notice 2007-55 that deems liquidating distributions of a REIT as a sale of real estate subject to FIRPTA rather than a sale of stock Tax Technical Corrections Related to FIRPTA and Partnership Audits H.R. 6439/S.3506 (114th Congress), The Tax Technical Corrections Act of 2016, Section 101: Amendments Relating to Protecting Americans From Tax Hike Act of 2015, Exception from Qualified Pension Funds; Title II--Technical Corrections Related to Partnership Audit Rules, all provisions. Hurricane Tax Relief Possible tax relief provisions to help multifamily businesses recover from Hurricanes Harvey and Irma. These include bonus depreciation for investment, expensing of demolition / clean up costs, extended net operating loss carrybacks, and enhanced Low-Income Housing Tax Credit and bond allocations. Estate Tax Regulations Department of the Treasury, Internal Revenue Service, Proposed Regulations under Section 2704 on Restrictions on Liquidation of an Interest for Estate, Gift and Generation-Skipping Transfer Taxes (REG-163113-02; 81 F.R. 51413) Notice 2017-38, Implementation of Executive Order 13789 (Identifying and Reducing Tax Regulatory Burdens), Proposed Regulations under Section 2704 on Restrictions on Liquidation of an Interest for Estate, Gift and Generation-Skipping Transfer Taxes (REG-163113-02; 81 F.R. 51413) H.R.3354, Make America Secure and Prosperous Appropriations Act, 2018. Division D -- Financial Services and General Government Appropriations, Act 2018, Administrative Provisions -- Internal Revenue Service, Section 115: Denies funds to finalize, enforce or implement Proposed Treasury Regulations relating to the liquidation of an interest with respect to estate, gift, and generation-skipping taxes under Section 2704 of the Internal Revenue Code. H.R.3280, Financial Services and General Government Appropriations Act, 2018, Administrative Provisions -- Internal Revenue Service, Section 115: Denies funds to finalize, enforce or implement Proposed Treasury Regulations relating to the liquidation of an interest with respect to estate, gift, and generation-skipping taxes under Section 2704 of the Internal Revenue Code
Client expense: $950,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Environmental Protection Agency (EPA), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), Treasury, Dept of, U.S. Postal Service (USPS), White House Office
2017 · third_quarter · Taxation/Internal Revenue Code
Working with House and Senate staff on NCBA's priorities for tax reform including repeal of the Death Tax, prevent increase of Capital Gains tax, and make bonus depreciation permanent. Supporting HR 631 and S 205 - Death Tax Repeal Act Pushing to keep the step up in basis, as well as deductibility of business expenses and interest. Supporting S 1144 - The Investment in New Ventures and Economic Sense Today (INVEST) Act of 2017 Supporting HR 2887 - The No Regulation Without Representation Act
Client expense: $92,540 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of Land Management (BLM), Commodity Futures Trading Commission (CFTC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), SENATE, U.S. Trade Representative (USTR)
2017 · third_quarter · Taxation/Internal Revenue Code
S.1144, INVEST Act of 2017. Issues related to accelerated depreciation in tax reform.
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · third_quarter · Taxation/Internal Revenue Code
Support H.R. 631/S. 205, the Death Tax Repeal Act Support H.R. 1696/S. 711, the S Corps Modernization Act Support comprehensive tax reform Monitor tax reform proposals Support S. 1144, INVEST Act
Client expense: $150,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Treasury, Dept of
2017 · third_quarter · Taxation/Internal Revenue Code
H.R. 1090 Technologies for Energy Security Act- Extending IRS code section 25D to allow for certain geothermal technologies to receive tax credits. S. 1144 INVEST Act- Provisions relating to the modification of rules for expensing depreciable business assets, the definition of qualified real property, provisions relating to cost recovery rules and the examination of the depreciation schedule for classes of depreciable property. Expensing and Depreciation- Supporting the amendment of section 179 and 168 the IRS code to allow for the immediate expensing of HVACR products as well as an accurate depreciation period for HVACR equipment. Tax Rates- Lowering the corp. tax rate and the pass through rate to all for US products to remain globally viable.
Client expense: Not reported · Firm income: $20,000
Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), President of the U.S., SENATE, State, Dept of (DOS), U.S. Trade Representative (USTR)
2017 · third_quarter · Taxation/Internal Revenue Code
Issues impacting multiple areas of the tax law and code including, tax reform; INVEST Act of 2017, S. 1144; Tax disaster relief, National Disaster Tax Relief Act of 2017, H.R. 3679, Disaster Tax Relief and Airport and Extension Act of 2017, H.R. 3823; Identity theft; IRS and Treasury Priority Guidance Plan; IRS regulation of tax practitioners; IRS service; Centralized partnership audits regime; Tax administration and compliance; Mobile Workforce State Income Tax Simplification Act of 2017, HR 1393 and S 540; Identifying and Reducing Tax Regulatory Burdens, Executive Order 13789.
Client expense: $1,270,000 · Firm income: Not reported
Government targets: Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE
2017 · second_quarter · Taxation/Internal Revenue Code
Corporate Tax Reform International Tax Reform Tax Deductability of Advertising as an Ordinary/Necessary Business Expense Film Advertising Film Industry Data On-Location Motion Picture Production Economic Impact Sec. 181 - Film and Television Tax Credit Border Adjustment Interest Deductibility Bonus Depreciation H.R. 2450 - "Facilitating Investments in Local Markets ("FILM") Act of 2017" - all provisions related to film and television. S. 1144 - "Investment in New Ventures and Economic Success Today ("INVEST") Act of 2017" - all provisions related to film and television. S. 1469 - A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions - all provisions related to film and television.
Client expense: $1,318,790 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Library of Congress (LOC), Patent & Trademark Office (PTO), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Copyright Office, U.S. Immigration & Customs Enforcement (ICE), U.S. Trade Representative (USTR)
2017 · second_quarter · Taxation/Internal Revenue Code
General issues related to comprehensive, corporate and individual tax reform; issues related to taxation of professional service firm revenue (cash to accrual); INVEST Act of 2017, S. 1144 (general tax reform, including issues related to taxation of professional service firms).
Client expense: $770,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2017 · second_quarter · Taxation/Internal Revenue Code
Issues related to tax reform Issues relatedto House Republican Tax Reform Blueprint H.R. 1599 No Bonuses For Tax Delinquent IRS Employees Act H.R. 1810/S.777 Small Business Tax Equity Act of 2017 H.R. 1874 ABLE Age Adjustment Act H.R. 1896 ABLE to Work Act H.R. 1897 ABLE Financial Planning Act HR 2887 No Regulation without Representation S.1144 INVEST Act H.R. 1397 Seniors Tax Simplification Act
Client expense: $270,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2017 · second_quarter · Taxation/Internal Revenue Code
-HR 1393 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -HR 1776 - Improving Access To Affordable Prescription Drugs Act - all provisions related to cable. -HR 2193 - Remote Transactions Parity Act of 2017 - all provisions related to cable. -HR 2450 - Facilitating Investments in Local Markets (FILM) Act of 2017 - all provisions related to cable. -HR 2887 - No Regulation Without Representation Act of 2017 - all provisions related to cable. -S 540 - Mobile Workforce State Income Tax Simplification Act of 2017 - all provisions related to cable. -S 771 - Improving Access To Affordable Prescription Drugs Act - all provisions related to cable. -S 976 - Marketplace Fairness Act of 2017 - all provisions related to cable. -S 1144 - Investment in New Ventures and Economic Success Today (INVEST) Act of 2017 - all provisions related to cable. -S 1210 - A bill to amend the Internal Revenue Code of 1986 to reduce tax rates across the board - all provisions related to cable. -S 1229 - Move America Act of 2017 - all provisions related to cable. -S 1469 - A bill to amend the Internal Revenue Code of 1986 to extend tax incentives to permanently extend the special expensing rules for certain film, television, and live theatrical productions - all provisions related to cable.
Client expense: $3,130,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Defense, Dept of (DOD), Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Telecommunications & Information Administration (NTIA), Office of Science & Technology Policy (OSTP), SENATE, State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, White House Office
2017 · second_quarter · Taxation/Internal Revenue Code
H.R. 1090 - Technologies for Energy Security Act - Extending IRS code Section 25D to allow for certain geothermal technologies to receive tax credits. S. 1409 - Technologies for Energy Jobs and Security Act of 2017 - Extending IRS Code Section 25D to allow for certain geothermal technologies to receive tax credits. S. 1144 - INVEST Act - Provisions relating to the modification of rules for expensing depreciable business assets, the definition of qualified real property, provisions relating to cost recovery rules and the examination of the depreciation schedule for classes of depreciable property. Expensing and Depreciation - Supporting the amendment of Sections 179 and 168 the IRS code to allow for the immediate expensing of HVACR products as well as an accurate depreciation period for HVACR equipment. Tax Rates - Lowering the corporate tax rate and the pass-through rate to allow for U.S. products to remain globally viable.
Client expense: $360,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), President of the U.S., SENATE, State, Dept of (DOS), U.S. Trade Representative (USTR)
2017 · second_quarter · Taxation/Internal Revenue Code
S.885 - Bill to amend the Internal Revenue Code of 1986 to include foster care transition youth as members of targeted groups for purposes of the work opportunity credit H.R. 2060 - Improved Employment Outcomes for Foster Youth Act of 2017 H.R. 631 - Death Tax Repeal Act of 2017 (Primary Bill) H.R. 198 - Death Tax Repeal Act of 2017 H.R. 451 - Permanently Repeal the Estate Tax Act of 2017 S.205 - Death Tax Repeal Act of 2017 Border adjustment tax as part of broader tax reform discussions S.711 / H.R. 1696 - S Corporation Modernization Act of 2017 S. 1144 - INVEST Act of 2017 H.R. 2887 - The No Regulation Without Representation Act of 2017 S. 976 - Marketplace Fairness Act of 2017 H.R. 2193 - Remote Transactions Parity Act of 2017
Client expense: $350,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE
2017 · second_quarter · Taxation/Internal Revenue Code
Issues impacting multiple areas of the tax law and code including, tax reform; INVEST Act of 2017, S. 1144; Disaster relief; Identity theft; IRS regulation of tax practitioners; IRS service; Tax administration and compliance; Mobile Workforce State Income Tax Simplification Act of 2017, HR 1393 and S 540.
Client expense: $1,300,000 · Firm income: Not reported
Government targets: Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE
2017 · second_quarter · Taxation/Internal Revenue Code
H.R. 1090 Technologies for Energy Security Act- Extending IRS code section 25D to allow for certain geothermal technologies to receive tax credits. S. 1144 INVEST Act- Provisions relating to the modification of rules for expensing depreciable business assets, the definition of qualified real property, provisions relating to cost recovery rules and the examination of the depreciation schedule for classes of depreciable property. Expensing and Depreciation- Supporting the amendment of section 179 and 168 the IRS code to allow for the immediate expensing of HVACR products as well as an accurate depreciation period for HVACR equipment. Tax Rates- Lowering the corp. tax rate and the pass through rate to all for US products to remain globally viable.
Client expense: Not reported · Firm income: $20,000
Government targets: Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), President of the U.S., SENATE, State, Dept of (DOS), U.S. Trade Representative (USTR)
2017 · second_quarter · Taxation/Internal Revenue Code
Tax Reform Promoted comprehensive approach to tax reform that avoids enacting reform for C corporations at the expense of flow-through entities or otherwise disadvantaging multifamily real estate relative to other asset classes. Support maintaining current law regarding: (1) the tax treatment of carried interest; (2) the full deductibility of business interest; (3) the Low-Income Housing Tax Credit (while also increasing program resources) and tax-exempt private activity housing bonds; (4) the permanent estate tax rules enacted in January 2013; (5) Section 1031 like-kind exchanges; (6) the 27.5-year depreciation period for multifamily buildings; (7) depreciation recapture; and (8) the deductibility of state and local real estate taxes. We oppose proposals increasing taxes on capital gains. Finally, we favor: (1) repealing or reforming FIRPTA rules to incent foreign investment in U.S. real estate; and (2) expanding incentives for energy efficiency in commercial buildings (e.g., Internal Revenue Code Section 179D). House Republican Tax Reform Blueprint, A Better Way: A Pro-Growth Tax Code for All Americans, all provisions. Trump Administration Tax Plan, 2017 Tax Reform for Economic Growth and American Jobs, all provisions. S. 1144, Investment in New Ventures and Economic Success Today (INVEST) Act of 2017, to encourage business creation by allowing faster recovery of start-up and organizational expenses, to simplify accounting methods for small businesses, to expand expensing and provide accelerated cost recovery to encourage investment in new plants and equipment, and for other purposes, Section 301: Modifications of Rules for Expensing Depreciable Assets; Section 311: 50-Percent Expensing Made Permanent. H.R. 4377 (114th Congress), American Business Competitiveness Act of 2015 , legislation to amend the Internal Revenue Code of 1986 to tax business income on a cash flow basis and for other purposes, all provisions. Proposals to amend the taxation of financial products and providing for an exception from the definition of a derivative for real estate that is to be delivered. Energy Supported extension of the Section 45L New Energy Efficient Home Credit and the Section 179D Energy Efficient Commercial Buildings Deduction (also favor improving the Commercial Buildings Deduction by establishing a sliding scale of energy improvements, which would help spur investment in energy efficient improvements in older buildings). Low-Income Housing Tax Credit (LIHTC) H.R. 1661, Affordable Housing Credit Improvement Act of 2017, to amend the Internal Revenue Code of 1986 to reform the low-income housing tax credit, and for other purposes, all provisions. S. 548, Affordable Housing Credit Improvement Act, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. Workforce Housing S. 3384 (114th Congress), Middle-Income Housing Tax Credit Act of 2016, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, all provisions. Analyzed Housing Affordability Tax Incentives, including Renter Tax Credits and Employer-Provided Housing Tax Exclusions. Partnership Audits H.R. 6439/S.3506 (114th Congress), The Tax Technical Corrections Act of 2016, Section 101: Amendments Relating to Protecting Americans From Tax Hike Act of 2015, Exception from Qualified Pension Funds; Title II-Technical Corrections Related to Partnership Audit Rules, all provisions. Department of the Treasury and Internal Revenue Service, Notice of proposed rulemaking on Centralized Partnership Audit Regime, REG-136118-15. S Corporation Modernization H.R. 1696 / S. 711, S Corporation Modernization Act of 2017, to amend the Internal Revenue Code of 1986 to provide for S corporation reform, and for other purposes, all provisions. Estate Tax Regulations Department of the Treasury, Internal Revenue Service REG-163113-02, Estate, Gift, and Generation-Skipping Taxes; Restrictions on Liquidation of an Interest. House Appropriations Financial Services Subcommittee legislation, Making appropriations for financial services and general government for the fiscal year ending September 30, 2018, and for other purposes, Administrative Provisions -- Internal Revenue Service, Section 115: Denies funds to finalize, enforce or implement Proposed Treasury Regulations relating to the liquidation of an interest with respect to estate, gift, and generation-skipping taxes under Section 2704 of the Internal Revenue Code.
Client expense: $1,035,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Environmental Protection Agency (EPA), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), Treasury, Dept of, U.S. Postal Service (USPS)
2017 · second_quarter · Taxation/Internal Revenue Code
Support H.R. 631/S. 205, the Death Tax Repeal Act Support H.R. 1696/S. 711, the S Corps Modernization Act Support comprehensive tax reform Monitor tax reform proposals Support S. 1144, INVEST Act
Client expense: $150,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE, Treasury, Dept of
2017 · second_quarter · Taxation/Internal Revenue Code
Support S. 1144 - INVEST Act
Client expense: $10,000 · Firm income: Not reported
Government targets: Energy, Dept of, Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, SENATE, White House Office
2017 · second_quarter · Taxation/Internal Revenue Code
General education concerning proposals for comprehensive tax reform focused on the treatment of pass-through entity income and the deductibility of capital expenditures. S. 1144, the Investment in New Ventures and Economic Success Today Act of 2017, Section 311 making permanent the 50% bonus depreciation on qualified property.
Client expense: $60,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE