Tax and Accounting

ABA's Kinsella recaps key provisions of the Inflation Reduction Act.

After months of negotiating, the Senate yesterday passed legislation to address selected portions of the Biden administration’s agenda for climate...

In response to the Financial Accounting Standards Board’s recent elimination of accounting guidance for troubled debt restructurings for adopters of...

As the Financial Accounting Foundation considers a proposed strategic plan, ABA is recommending the organization consider ensuring that post-implementation reviews...

As households and businesses face a possible recession, decades-high inflation levels and other economic challenges, a broad coalition of trade...

The proposal would mandate that financial institutions report information on gross inflows and outflows of all customer accounts above a...

To help community banks successfully implement the current expected credit loss accounting standard, the Federal Reserve next week will launch...

ABA this week wrote to the Financial Accounting Standards Board in support of a deferral of the sunset date for...

ABA last week submitted recommendations to the Internal Revenue Service on tax issues that are in need of interpretive guidance...

Amid the growing ownership of digital assets like cryptocurrencies, the American Bankers Association and the Securities Industry and Financial Markets...