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...
Tax and Accounting
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...
A new way to think about the creation of money
Considering the concept of money neutrality: that money supply should equal money demand not only in the aggregate but across...
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...
ABA urges IRS to improve process for business change of address
ABA recommended that the IRS notify responsible parties electronically whenever a business address change occurs, saying that implementing the requirement...
ABA expresses support for Call Report revisions
ABA said it supports proposed revisions to the Call Report that ease a compliance burden on banks resulting from a...
Ten recommendations to modernize deposit insurance
It’s time to refine the FDIC’s emergency authorities and resolution processes, in addition to considering possible changes to the deposit...
Breaking down the bank-related provisions in the big budget bill
Following the enactment of the One Big Beautiful Bill Act, hear from ABA experts on how key ABA-supported provisions on...
Updated: President signs ‘big beautiful bill’ including numerous ABA-backed provisions
Included in the bill were several ABA-supported tax provisions related to banks, including a modified version of the ABA-advocated ACRE...
ABA offers feedback to FASB request for input on its agenda development
The association’s feedback identifies opportunities to more closely align underlying economics with accounting outcomes; opportunities to balance costs relative to...
