Federal banking agencies will grant temporary exceptions to Financial Institutions Reform, Recovery and Enforcement Act appraisal requirements for real estate-related financial transactions in areas of Maui affected by last year’s Hawaiian wildfires. The exceptions are available provided a transaction would facilitate disaster recovery and is consistent with safety and soundness, the agencies said. The expiration date is Aug. 10, 2026, which will be three years after the date that President Biden issued a major disaster declaration for the area.
IRS incorporates ABA recommendation in latest W-9 tax form
The IRS plans to allow sole proprietors to provide either their Social Security Number or their Employer Identification Number on its W-9 forms, incorporating an ABA recommendation for how to improve tax reporting.
