Treasury Releases Details on Tax Proposals to Fund Proposed Budget
The Treasury Department on Friday released its “Green Book,” which contains details on the tax changes that the Biden administration...
Tax and Accounting
Treasury Report Offers Limited Details on ABA-Opposed Tax Reporting Proposal
The Treasury Department today released a report further detailing its proposals to shrink the tax gap as part of the...
Stakeholders Discuss TDRs, Purchase Accounting, CECL Changes at FASB Roundtable
During a virtual roundtable hosted by the Financial Accounting Standards board today, investors, bankers and regulators expressed broad agreement on...
ABA Urges IRS to Delay New Draft Retirement Forms
The American Bankers Association urged the IRS yesterday to delay the use of new draft forms W-4P and W-4R, which...
Agencies Propose Rule Requiring Income Tax Allocation Agreements for Consolidated Returns
Agencies propose requiring that national banks, state banks and savings associations that file tax returns as part of a consolidated...
IRS Reminds Small Employers of Tax Deduction for Offering Paid Vaccination Leave
Under the recently enacted American Rescue Plan Act of 2021, small and midsize employers with fewer than 500 employees may...
ABA Calls for Removal of Physical Presence Requirement for Spousal Consent
In a letter to the Internal Revenue Service this week, the American Bankers Association and several insurance trade groups reiterated...
Treasury Releases Details on Proposed Tax Changes
The Treasury Department today provided additional details on the Biden administration’s proposed changes to the U.S. tax code.
IRS Extends Contribution Due Dates for IRAs and HSAs to May 17
Following an announcement from the Internal Revenue Service earlier this month extending the filing date for individual tax returns from...
Are Higher Taxes on the Horizon?
With Democrats now in control of the White House and Congress, tax increases could be on the horizon.
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