IRS releases corporate alternative minimum tax regulations, incorporates ABA recommendation
The Treasury Department and IRS released proposed regulations concerning the implementation of the corporate alternative minimum tax that incorporated an...
Tax and Accounting
The diversification imperative
Regulators are starting to relay liability expectations to large and small banks alike.
SEC official outlines possible exception for crypto accounting restrictions on banks
An SEC official outlined a scenario in which a bank would not be bound by the restrictions of the SEC’s...
End in sight? Key tax provisions expiring in 2025
'Banks need to explain the role they play supporting small business.'
SEC adopts revised standards on auditor responsibilities, use of technology
The SEC adopted revised standards regarding the general responsibilities of auditors and the use of technology-assisted analysis in conducting audits.
IRS, tax industry announce joint effort to combat tax scams
The IRS, state tax agencies and tax industry representatives have announced a new joint effort to combat the growth in...
ABA, associations challenge new Illinois law restricting interchange fees
ABA, the Illinois Bankers Association and two credit union associations filed a complaint in U.S. District Court challenging an Illinois...
OCC releases annual update to Bank Accounting Advisory Series
The OCC released its annual update to the Bank Accounting Advisory Series, which contains staff answers to questions from the...
IRS finalizes rule on proposed required minimum distributions
The IRS finalized its proposed rule on required minimum distributions, including requirements for distributions from a qualified retirement plan—such as...
ABA, associations: Uphold congressional vote to overturn SEC treatment of crypto custody assets
ABA and three financial sector associations expressed support for a House attempt to overturn President Biden’s veto of a resolution...
