ABA Supports FASB Projects to Improve TDR, Goodwill Accounting
The American Bankers Association this week called on the Financial Accounting Standards Board to prioritize projects to improve accounting for...
Tax and Accounting
Podcast: Breaking Down the Tax Reporting Proposal and Its Path in Congress
The fight on Capitol Hill over the Biden administration's controversial tax proposal is likely to go on for another four...
ABA, Trade Groups: IRS Reporting Proposal Raises Data Privacy Concerns
The American Bankers Association, along with more than 40 trade associations, sent a joint letter to House leadership expressing concerns...
Yellen Keeps Up Push for IRS Reporting Proposal in Spending Bill
Treasury Secretary Janet Yellen this week called on House Ways and Means Committee Chairman Richard Neal (D-Mass.) to include in...
House Releases Draft Spending Bill
The House tax writing committee today released legislative text for the Biden administration’s $3.5 trillion spending plan, with committee votes...
GOP Lawmakers Raise Concerns about Tax Reporting Provision
A group of 141 Republican lawmakers led by Rep. Tom Emmer (R-Minn.) today wrote to congressional leaders, Treasury Secretary Janet...
ABA, Trade Groups Back Continuation of Tax Protections for Family Businesses, Farms
The American Bankers Association and a coalition of trade groups yesterday urged the House Ways and Means Committee not to...
As Congress Considers Action on IRS Reporting Proposal, Bankers Urged to Take Action
With Congress expected to begin considering a new tax reporting requirement that would require banks to report information on account...
ABA: Proposed IRS Reporting Change Could Undermine Financial Inclusion Efforts
In a letter to House and Senate lawmakers overseeing the Internal Revenue Service, ABA reiterated its opposition to proposed new...
Treasury Expands Paid Leave Tax Credit for COVID-19 Vaccinations
To encourage more Americans to get vaccinated against COVID-19, the Treasury Department today announced that it will allow certain eligible...
