Regulatory Roundup: April 11-17
April 11
AICPA Advanced Personal Financial Planning Conference Takes on Tax Reform
April 11
AICPA Statement on Markup of Bills to Reorganize the IR
April 16
AICPA Offers Suggestions to Lawmakers about Proposal to Redesign the IRS
CBO
Cost Estimate
H.R. 5445, 21st Century IRS Act
April 16, 2018
Cost Estimate
H.R. 5444, Taxpayer First Act
April 16, 2018
Cost Estimate
H.R. 5446, a bill to amend the Internal Revenue Code of 1986 to restrict the immediate sale of seized property by the Secretary of Treasury to perishable goods
April 13, 2018
Cost Estimae
H.R. 5443, a bill to amend the Internal Revenue Code of 1986 to require electronic filing of the annual returns of exempt organizations and provide for making such returns available for public inspection
April 13, 2018
Cost Estimate
H.R. 5437, a bill to require the Secretary of the Treasury to establish a program for the issuance of identity protection personal identification numbers
April 13, 2018
Cost Estimate
H.R. 2, Agriculture and Nutrition Act of 2018
April 13, 2018
Cost Estimate
H.R. 2901, Volunteer Income Tax Assistance Permanence Act of 2017
April 13, 2018
Cost Estimate
H.R. 4403, Moving Americans Privacy Protection Act
April 13, 2018
Cost Estimate
H.R. 5438, a bill to amend the Internal Revenue Code of 1986 to allow officers and employees of the Department of Treasury to provide to taxpayers information regarding low-income taxpayer clinics
April 13, 2018
Cost Estimate
H.R. 5439, a bill to provide a single point of contact at the Internal Revenue Service for the taxpayers who are victims of tax-related identity theft
April 13, 2018
Cost Estimate
H.R. 5440, a bill to require notice from the Secretary of the Treasury in the case of any closure of a Taxpayer Assistance Center
April 13, 2018
Cost Estimate
H.R. 1512, Social Security Child Protection Act of 2018
April 12, 2018
Cost Estimate
S. 2278, State Offices of Rural Health Reauthorization Act of 2018
April 12, 2018
Cost Estimate
S. 526, Microloan Modernization Act of 2018
April 12, 2018
Cost Estimate
S. 1981, Small Scale LNG Access Act of 2017
April 12, 2018
Cost Estimate
H.R. 2846, Federal Agency Customer Experience Act of 2018
April 12, 2018
Cost Estimate
H.R. 1376, Electronic Message Preservation Act of 2017
April 12, 2018
Cost Estimate
H.R. 5192, Protecting Children from Identity Theft Act
April 12, 2018
Cost Estimate
S. 2325, Northern Mariana Islands U.S. Workforce Act
April 12, 2018
Cost Estimate
S. 1336, Reliable Investment in Vital Energy Reauthorization Act
April 11, 2018
Cost Estimate
S. 292, Childhood Cancer Survivorship, Treatment, Access, and Research Act of 2018
April 11, 2018
Cost Estimate
S. 1446, a bill to reauthorize the Historically Black Colleges and Universities Historic Preservation program
April 11, 201
Cost Estimate
H.R. 1135, an act to reauthorize the Historically Black Colleges and Universities Historic Preservation program
April 11, 2018
Cost Estimate
H.R. 4809, GOOD Act
April 10, 2018
Cost Estimate
H.R. 3746, Business of Insurance Regulatory Reform Act of 2017
April 10, 2018
Cost Estimate
H.R. 801, Route 66 National Historic Trail Designation Act
April 10, 2018
Cost Estimate
H.R. 4785, American Customer Information Protection Act
April 10, 2018
Cost Estimate
S. 1335, Ste. Genevieve National Historical Park Establishment Act
April 10, 2018
Cost Estimate
H.R. 2888, Ste. Genevieve National Historical Park Establishment Act
April 10, 2018
Cost Estimate
S. 1563, Rare Earth Element Advanced Coal Technologies Act
April 10, 2018
Cost Estimate
H.R. 4738, Mutual Fund Litigation Reform Act
April 10, 2018
FAF
From the President's Desk—Spring 2018 [04/12/18]
Column
GAO
Amphibious Combat Vehicle:
Program Should Take Steps to Ensure Manufacturing Readiness
GAO-18-364:Published: Apr 17, 2018. Publicly Released: Apr 17, 2018.
Civilian and Contractor Workforces:
DOD's Cost Comparisons Addressed Most Report Elements but Excluded Some Costs
GAO-18-399:Published: Apr 17, 2018. Publicly Released: Apr 17, 2018.
Higher Education:
Characteristics of Graduate PLUS Borrowers
GAO-18-392R:Published: Apr 17, 2018. Publicly Released: Apr 17, 2018.
Management Report:
Improvements Needed in the Bureau of the Fiscal Service's Information System Controls
GAO-18-332R:Published: Apr 17, 2018. Publicly Released: Apr 17, 2018.
Substance Use Disorder:
Information on Recovery Housing Prevalence, Selected States' Oversight, and Funding
GAO-18-315:Published: Mar 22, 2018. Publicly Released: Apr 17, 2018.
Defense Business Systems:
DOD Needs to Continue Improving Guidance and Plans for Effectively Managing Investments
GAO-18-130:Published: Apr 16, 2018. Publicly Released: Apr 16, 2018.
Military Bases:
DOD Should Address Challenges with Communication and Mission Changes to Improve Future Base Realignment and Closure Rounds
GAO-18-231:Published: Mar 30, 2018. Publicly Released: Apr 16, 2018.
Food Safety:
Federal Efforts to Manage the Risk of Arsenic in Rice
GAO-18-199:Published: Mar 16, 2018. Publicly Released: Apr 16, 2018.
Coast Guard Acquisitions:
Status of Coast Guard's Heavy Polar Icebreaker Acquisition
GAO-18-385R:Published: Apr 13, 2018. Publicly Released: Apr 13, 2018.
Defense Health Care:
TRICARE Select Implementation Plan Included Mandated Elements, but Access Standards Should Be Clarified
GAO-18-358:Published: Apr 13, 2018. Publicly Released: Apr 13, 2018.
Medicaid:
Opportunities for Improving Program Oversight [Reissued with Revisions Apr. 13, 2018]
GAO-18-444T:Published: Apr 12, 2018. Publicly Released: Apr 12, 2018.
Federal Real Property:
DHS and GSA Have Not Implemented Recommendations to Strengthen the Management of DHS Headquarters Consolidation
GAO-18-484T:Published: Apr 12, 2018. Publicly Released: Apr 12, 2018.
VA Health Care:
Actions Needed to Improve Oversight of Community-Based Outpatient Clinics
GAO-18-375:Published: Apr 12, 2018. Publicly Released: Apr 12, 2018.
VA Health Care:
Improved Guidance and Oversight Needed for the Patient Advocacy Program
GAO-18-356:Published: Apr 12, 2018. Publicly Released: Apr 12, 2018.
Veterans Health Administration:
Opportunities Exist for Improving Veterans' Access to Health Care Services in the Pacific Islands
GAO-18-288:Published: Apr 12, 2018. Publicly Released: Apr 12, 2018.
Illicit Opioids:
While Greater Attention Given to Combating Synthetic Opioids, Agencies Need to Better Assess their Efforts
GAO-18-205:Published: Mar 29, 2018. Publicly Released: Apr 12, 2018.
Elections:
Observations on Voting Equipment Use and Replacement
GAO-18-294:Published: Apr 11, 2018. Publicly Released: Apr 11, 2018.
Military Personnel:
DOD Needs to Reevaluate Fighter Pilot Workforce Requirements
GAO-18-113:Published: Apr 11, 2018. Publicly Released: Apr 11, 2018.
IASB
16 April 2018
Application deadline for membership of Management Commentary Consultative Group is approaching
16 April 2018
Revised Conceptual Framework—live web presentations
11 April 2018
Summary of the March 2018 Capital Markets Advisory Committee meeting
11 April 2018
March 2018 IFRS Taxonomy Consultative Group meeting—agenda papers available
IRS
Many corporations will pay a blended federal income tax this year under the new tax reform law
IR-2018-99, April 16, 2018 – Many U.S. corporations elect to use a fiscal year end and not a calendar year end for federal income tax reporting purposes.
Last-minute tips from IRS; e-file for convenience, faster refund
IR-2018-98, April 16, 2018 — The IRS today offered taxpayers still working on their 2017 taxes a number of tips. These basic tips are designed to help people avoid common errors that could delay refunds or cause future tax problems.
Tax filing deadline fast approaching; use IRS.gov for tax help, check refund status
IR-2018-97, April 16, 2018 — As Tuesday’s tax deadline approaches, the IRS reminded taxpayers that IRS.gov is available for immediate tax help to avoid long hold times on the IRS help line.
People with special circumstances get extra time to file 2017 taxes
IR-2018-96, April 16, 2018 — The IRS today reminded taxpayers that they may request an extension of time to file their tax return, but certain taxpayers get extra time without asking.
Combat zone tax benefits now available to Armed Forces members who served in the Sinai Peninsula; IRS accepting retroactive tax refund claims back to 2015
IR-2018-95, April 13, 2018 – U.S. Armed Forces members who served in the Sinai Peninsula of Egypt may qualify for combat zone tax benefits retroactive to June 2015, according to the Internal Revenue Service.
Inflation Adjustments Under Recently Enacted Tax Law
IR-2018-94, April 13, 2018 – The Internal Revenue Service has updated the tax year 2018 annual inflation adjustments to reflect changes from the Tax Cuts and Jobs Act (TCJA). The tax year 2018 adjustments are generally used on tax returns filed in 2019.
Newly-revised estimated tax form and publication can help people pay the right amount
IR-2018-93, April 13, 2018 – With tax reform bringing major changes for the year ahead, the Internal Revenue Service today reminded the many self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the first estimated tax payment for 2018 is due on Tuesday, April 17, 2018.
Tax deadline just days away; nearly 40 million to file by April 17
IR-2018-92, April 13, 2018 ― As the April 17 tax filing deadline approaches, the IRS is reminding the nearly 40 million taxpayers who have yet to file their tax returns that there are a variety of options to help them in the final days of the tax filing season.
Improved IRS website: Best way to get last-minute tax help
IR-2018-91, April 11, 2018 ― With just days remaining before the federal tax-filing deadline, the IRS said today that the new, mobile friendly website is available to help people who need last-minute tax information.
NYS Dept. of Taxation and Finance
E-file an Accurate and On-Time Return Without Falling Victim to Scammers
Call Center Hours Extended on Final Two Days of Income Tax Filing Season
PCAOB
PCAOB Seeks Input into its 2018-2022 Strategic Planning Through a Public Survey
The Public Company Accounting Oversight Board is seeking input into its 2018-2022 strategic planning through a public survey. Following the recent appointment of five new Board members, the PCAOB is taking a fresh look at the organization and its future direction in fulfilling its mission.
SEC
SEC Unveils Public Service Announcement to Promote Background Checks on Investor.gov
Washington D.C., April 16, 2018 —The Securities and Exchange Commission today unveiled a public service announcement (PSA) to encourage investors to check the background of their investment professional by using the free search tool on Investor.gov before investing. Investor.gov, the SEC’s website dedicated to individual investors, provides investors with tools and resources to help them invest wisely and avoid fraud.
SEC Staff to Host Roundtable on Market Structure for Thinly-Traded Securities
Washington D.C., April 13, 2018 —The Securities and Exchange Commission today announced its staff will host a roundtable on April 23 that will address the market structure for thinly-traded exchange-listed securities, both equities and exchange-traded products. The roundtable, which will be held at the SEC's headquarters at 100 F Street, NE, Washington, D.C., will discuss the challenges faced by participants in the market for thinly-traded exchange-listed securities and potential improvements that might be considered to the market structure for these securities.
TIGTA
Tax Cuts and Jobs Act: Assessment of Implementation Planning Efforts
More Effective Workstation And Office Utilization Could Result In Rental Cost Savings