Regulatory Roundup: June 13-19

Chris Gaetano
Published Date:
Jun 19, 2018


June 18
AICPA Comments on IRS Guidance Regarding Deductions of Fines and Penalties and Reporting under TCJA

June 15
AICPA Offers Recommendations on 2018-2019 IRS Guidance Priority List

June 14
Matthew Rosenberg Receives the 2018 AICPA Outstanding Young CPA Award

June 14
AICPA Testifies Against MTC Draft Model Sales and Use Tax Notice and Reporting Statute

June 13
AICPA Announces New Personal Financial Planning Certificates Program

June 13
AICPA and CPA Practice Advisor Announce 2018 Most Powerful Women in Accounting Awards


Cost Estimate
H.R. 4731, a bill to extend the retained use estate for the Caneel Bay resort in St. John, United States Virgin Islands, and for other purposes
June 18, 2018

Updating CBO’s Health Insurance Simulation Model (HISIM)
June 15, 2018

Cost Estimate
H.R. 5925, CRISIS Act
June 15, 2018

Cost Estimate
H.R. 5415, GAO-IG Act
June 15, 2018

Cost Estimate
H.R. 5895, Energy and Water, Legislative Branch, and Military Construction and Veterans Affairs Appropriations Act, 2019
June 15, 2018

Cost Estimate
S. 2418, Rural Reasonable and Comparable Wireless Access Act of 2018
June 15, 2018

Cost Estimate
H.R. 6, Substance Use-Disorder Prevention that Promotes Opioid Recovery and Treatment (SUPPORT) for Patients and Communities Act
June 15, 2018

Blog Post
CBO to Release Long-Term Budget Outlook on June 26
June 14, 2018

Cost Estimate
H.R. 5141, United States-Israel Security Assistance Authorization Act of 2018
June 14, 2018

Cost Estimate
H.R. 3392, Lake Bistineau Land Title Stability Act
June 13, 2018

Cost Estimate
S. 2842, Opioid Addiction Recovery Fraud Prevention Act of 2018
June 13, 2018

Cost Estimate
S. 1142, J. Bennett Johnston Waterway Hydropower Extension Act of 2018
June 13, 2018

Cost Estimate
S. 1030, a bill to require the Federal Energy Regulatory Commission to submit to Congress a report on certain hydropower projects
June 13, 2018

Cost Estimate
H.R. 2786, an act to amend the Federal Power Act with respect to the criteria and process to qualify as a qualifying conduit hydropower facility
June 13, 2018

Cost Estimate
S. 2844, STB Information Security Improvement Act
June 13, 2018

Cost Estimate
H.R. 3303, First Responder Fair RETIRE Act
June 13, 2018

Cost Estimate
H.R. 4989, Protecting Diplomats from Surveillance Through Consumer Devices Act
June 13, 2018

Cost Estimate
H.R. 4819, Defending Economic Livelihoods and Threatened Animals Act
June 13, 2018

Cost Estimate
H.R. 1911, Special Envoy to Monitor and Combat Anti-Semitism Act of 2018
June 13, 2018

Cost Estimate
S. 1337, Capitalizing on American Storage Potential Act
June 13, 2018


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Financial Accounting Standards Advisory Council  [06/18/18]
June 8, 2018 Meeting Recap

Emerging Issues Task Force  [06/15/18]
June 7, 2018 Meeting Recap


Federal Research:
Additional Actions Needed to Improve Licensing of Patented Laboratory Inventions
GAO-18-327:Published: Jun 19, 2018. Publicly Released: Jun 19, 2018.

Lead Paint in Housing:
HUD Should Strengthen Grant Processes, Compliance Monitoring, and Performance Assessment
GAO-18-394:Published: Jun 19, 2018. Publicly Released: Jun 19, 2018.

Oil and Gas Lease Management:
BLM Could Improve Oversight of Lease Suspensions with Better Data and Monitoring Procedures
GAO-18-411:Published: Jun 4, 2018. Publicly Released: Jun 19, 2018.

Nuclear Nonproliferation:
The Administration's 2015 Plan and 2017 Update for Nuclear Proliferation Verification and Monitoring Generally Did Not Address Reporting Requirements
GAO-18-505R:Published: Jun 18, 2018. Publicly Released: Jun 18, 2018.

State and USAID:
Status of GAO Recommendations Made in 2015 and 2016
GAO-18-532R:Published: Jun 15, 2018. Publicly Released: Jun 15, 2018.

Critical Infrastructure Protection:
Progress and Challenges in DHS's Management of Its Chemical Facility Security Program
GAO-18-613T:Published: Jun 14, 2018. Publicly Released: Jun 14, 2018.

Cybersecurity Workforce:
Agencies Need to Improve Baseline Assessments and Procedures for Coding Positions
GAO-18-466:Published: Jun 14, 2018. Publicly Released: Jun 14, 2018.

NASA Major Projects:
Portfolio Is at Risk for Continued Cost Growth and Schedule Delays
GAO-18-576T:Published: Jun 14, 2018. Publicly Released: Jun 14, 2018.

Drinking Water and Wastewater Infrastructure:
Opportunities Exist to Enhance Federal Agency Needs Assessment and Coordination on Tribal Projects
GAO-18-309:Published: May 15, 2018. Publicly Released: Jun 14, 2018.

Defense Industrial Base:
Integrating Existing Supplier Data and Addressing Workforce Challenges Could Improve Risk Analysis
GAO-18-435:Published: Jun 13, 2018. Publicly Released: Jun 13, 2018.

High Risk:
Agencies Need to Continue Efforts to Address Management Weaknesses of Federal Programs Serving Indian Tribes
GAO-18-616T:Published: Jun 13, 2018. Publicly Released: Jun 13, 2018.

VA Health Care:
Independent Verification and Validation of Patient Self-Scheduling Systems Was Consistent with the Faster Care for Veterans Act of 2016
GAO-18-442R:Published: Jun 13, 2018. Publicly Released: Jun 13, 2018.

F-35 Joint Strike Fighter:
Development Is Nearly Complete, but Deficiencies Found in Testing Need to Be Resolved [Reissued with Revisions Jun. 13, 2018]
GAO-18-321:Published: Jun 5, 2018. Publicly Released: Jun 5, 2018.


19 June 2018
IFRS Foundation consults on narrow-scope changes to its Constitution


Register now for Atlanta IRS Tax Forum; deadline fast approaching
IR-2018-140, June 19, 2018 — Tax professionals wishing to attend the IRS Nationwide Tax Forum in Atlanta can save $115 by registering soon, according to the IRS. 

Tax reform allows people with disabilities to put more money into ABLE accounts, expands eligibility for Saver’s Credit
IR-2018-139, June 15, 2018 – People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit for low- and moderate-income workers, according to the Internal Revenue Service.

IRS reminder: Second estimated tax payment due June 15; form, publication can help people pay the right amount following law changes
IR-2018-138, June 14, 2018 — With tax reform bringing major changes for the year ahead, the IRS today reminded self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the second estimated tax payment for 2018 is due on Friday, June 15, 2018.

More than 2 million ITINs to expire this year; Renew soon to avoid refund delays
 IR-2018-137, June 14, 2018 — With more than 2 million Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2018, the IRS today urged affected taxpayers to submit their renewal applications soon to beat the rush and avoid refund delays next year.

NYS Dept. of Taxation and Finance 

Do You Know Your Rights as a Taxpayer and How to Resolve Tax Issues? 


Speech by William Hinman, Director, Division of Corporate Finance: Digital Asset Transactions: When Howey Met Gary (Plastic)
June 14, 2018

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