IRS: Some wellness expenses not deductible under tax code
The IRS issued a reminder to taxpayers, businesses and heath spending plan administrators that personal expenses for general health and ...
Tag: IRS
IRS holds off on IVES updates, seeks industry input
IVES allows taxpayers to authorize third parties to request their tax return or wage transcripts to obtain a residential or ...
ABA: Proposed revisions to bad debt regulation need reworked
In a letter, ABA urged the IRS to make several changes to proposed regulations concerning bad debt deductions for regulated ...
ABA urges relief from new tax on failed bank purchasers
A new tax created by the passage of the Inflation Reduction Act in 2022 could discourage mid-sized financial institutions from ...
ABA urges IRS to improve business communications systems
As the IRS uses additional funds to upgrade its operations and systems, the agency should take steps to enhance the ...
Treasury Department, IRS propose digital asset regulations
The Treasury Department and IRS released proposed regulations on the sale and exchange of digital assets by brokers as part of ...
FinCEN issues warning about construction industry tax evasion, insurance fraud
The Financial Crimes Enforcement Network and IRS Criminal Investigation issued a notice to financial institutions to call attention to a ...
ABA calls for expansion of de minimis exception for reportable policy sales
ABA last week offered feedback to the Internal Revenue Service on proposed regulations regarding the application of the transfer for ...
IRS releases plan to guide agency transformation
The IRS unveiled a strategic operating plan to guide a proposed transformation of the agency over the next 10 years.
ABA: Make permanent physical presence exemption for spousal consents
The American Bankers Association this week filed a comment letter recommending the adoption of an IRS proposal to make permanent ...
