Michael J. Novogradac, CPA, discusses the status of tax reform and deficit reduction talks in Washington, D.C. He also discusses a bill that would eliminate several tax expenditures; an IRS report about post-issuance tax-exempt bond compliance; relief for LIHTC properties in North Dakota; a TCAC memo regarding cost containment; legislation that would reinstated the stalled PACE program; renewable energy tax equity finance estimates; the formation of the first Congressional Biomass Caucus; deadline reminder for NMTC allocation applicants; and a task force reviewing Oklahoma's state tax credits.