Finance and Tax

On June 13, 2017, the Internal Revenue Service (IRS) re-released proposed regulations that repeal the current rules governing partnership audits and replaces them with a new centralized partnership audit regime that generally assesses…

On May 9, 2017, the Securities and Exchange Commission (SEC) issued a proposed rule relating to registration exemptions for investment advisers; the rule would amend the definition of a venture capital fund and the…

Consumer Financial Protection Bureau On April 4, 2017, the Bureau of Consumer Financial Protection (Bureau) proposed amendments to Regulation B to permit creditors additional flexibility in complying with…

National Credit Union Administration (NCUA) Advance notice of proposed rulemaking On February 8, 2017, the NCUA Board (Board) issued an advanced notice of proposed rulemaking (ANPR) to solicit comments on…

On March 28, 2017, the Internal Revenue Service (IRS) issued a notice inviting comments on a proposed revenue procedure on changes in accounting.  If finalized, the new revenue procedure will allow a taxpayer to…

By Jennifer Smith, Assistant Chief Counsel   Advocacy staff traveled to London, KY on September 14 and to Madison, WI on September 16 to perform small business outreach on the Consumer Financial Protection Bureau’s proposed rule on…

On May 3, Advocacy hosted a small business roundtable meeting on the taxation of Internet sales. Small business owners and representatives and Capitol Hill staffers participated. The debate over whether and how to tax Internet commerce…