CDFI Fund launches online Opportunity Zone nomination tool
The CDFI Fund has launched an online tool that state governors can use to nominate communities as qualified Opportunity Zones,...
Tax and Accounting
FASB proposes targeted improvements to hedge accounting guidance
FASB issued a proposed accounting standard update exposure draft, or ED, on the short-term hedging targeted improvements added to the...
ABA seeks further revisions to draft W-9 tax form
ABA said that while it appreciates the IRS incorporating its recommendations into the proposed revisions to W-9 tax forms, the...
Proposed tax break for crypto yield could reshape how Americans save
Departing from the key principle of tax parity with crypto activities would not clarify the rules. It would tilt the...
IRS releases Health Savings Account amounts for 2027
The IRS has released the inflation-adjusted contribution limits and high-deductible health plan requirements for 2027.
ABA offers improvements for proposed 401(k) plan prudent investment rule
ABA said that while it supports a proposed rule to provide 401(k) plan managers a safe harbor for investing in...
ABA offers recommendations for modernizing brokerage statement filings
ABA made several recommendations to the Treasury Department and IRS to modernize and streamline the electronic delivery framework for brokers...
Fed’s Bowman calls for CECL repeal
Saying that the Current Expected Credit Loss accounting standard "clearly did not improve safety and soundness", Federal Reserve Vice Chair...
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...
A simpler CECL
Two practical steps toward simplifying the loan loss accounting standard: anchoring estimates in public data and an enhanced SCALE.
