ABA recommends changes to proposed car loan interest tax deduction regulations
ABA is recommending that the IRS make several changes to its proposed regulations to implement a new tax deduction for ...
Tag: IRS
ABA offers recommendations for easing corporate alternative minimum tax burden
ABA suggested regulators make two changes to the rules implementing the corporate alternative minimum tax to reduce the compliance burden ...
ABA offers recommendations for implementation of new ag lender tax benefit
ABA offered several recommendations for how the IRS should implement a new tax benefit for lenders serving rural and agricultural ...
IRS issues guidance for ‘Trump Accounts’ for children
The IRS and Treasury Department have published guidance and announced plans to issue regulations for “Trump Accounts,” which are a ...
Senate-approved IRS reform addresses math, clerical error procedures
The Senate passed legislation requiring the IRS to provide taxpayers with details on notices related to a math or clerical ...
IRS strikes funding rule from new tax on stock repurchases
The IRS has removed a controversial rule in a new regulation implementing a 1% excise tax on certain types of ...
IRS releases interim guidance on ACRE Act tax benefit
The IRS issued interim guidance for a new tax benefit for lenders serving rural and agricultural communities, which was included ...
ABA raises concerns with draft tax form
Several aspects of a draft tax reporting form raise “significant concerns” and could lead to the IRS being inundated with ...
IRS makes new reporting requirement for qualified charitable deductions optional for 2025
The IRS has delayed implementation of its new “code Y” reporting requirement on Form 1099-R for qualified charitable distributions made ...
Treasury Department creates position of IRS CEO
The Treasury Department announced the creation of the new position of IRS chief executive officer and tapped current Social Security ...
