ABA, Trade Groups Warn Against Changes to Section 199A Tax Deduction
The American Bankers Association and a broad coalition of trade associations today urged congressional leaders to oppose any efforts to...
Tax and Accounting
IRS Adds Online Tools to Manage Child Tax Credit Payments
The Internal Revenue Service released two new online tools to help manage monthly Child Tax Credit payments, which were authorized...
Eliminating TDR Accounting: Finally a Carrot for Adopting CECL?
By Josh Stein ABA’s position that troubled debt restructurings are outdated and unnecessary is gaining steam, demonstrated by the recent...
IRS Unveils Online Tool for Non-Filers to Facilitate Monthly Child Tax Credit
The Internal Revenue Service has created a new online tool for families that are normally not required to file an...
ABA Calls for Expanded Safe Harbor for SEC Climate Disclosures, Flexibility for Community Banks
The American Bankers Association urged the Securities and Exchange Commission today to provide a wide safe harbor for information and...
Trade Groups Caution Lawmakers on Enhanced Reporting Requirements for Banks
Ahead of a House Ways and Means subcommittee hearing today on shrinking the tax gap, ABA and 10 other financial...
IRS: Families Eligible for Expanded Child Tax Credit Should File Returns Soon
The Internal Revenue Service today urged all individuals and families who have not yet filed their 2019 or 2020 tax...
ABA Flags Several Priority Issues in Need of IRS Guidance
The American Bankers Association last week submitted recommendations to the Internal Revenue Service on tax issues that are in need...
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...
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...
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