IRS releases Health Savings Account amounts for 2027
The IRS has released the inflation-adjusted contribution limits and high-deductible health plan requirements for 2027.
Tax and Accounting
ABA offers improvements for proposed 401(k) plan prudent investment rule
ABA said that while it supports a proposed rule to provide 401(k) plan managers a safe harbor for investing in...
ABA offers recommendations for modernizing brokerage statement filings
ABA made several recommendations to the Treasury Department and IRS to modernize and streamline the electronic delivery framework for brokers...
Fed’s Bowman calls for CECL repeal
Saying that the Current Expected Credit Loss accounting standard "clearly did not improve safety and soundness", Federal Reserve Vice Chair...
IRS incorporates ABA recommendation in latest W-9 tax form
The IRS plans to allow sole proprietors to provide either their Social Security Number or their Employer Identification Number on...
A simpler CECL
Two practical steps toward simplifying the loan loss accounting standard: anchoring estimates in public data and an enhanced SCALE.
Where community bank CECL costs actually come from
Q factors, validation and audit expectations drive costs for community banks without delivering matching value.
Oregon adopts tax credit to spur de novo bank formation
Oregon has adopted a new tax incentive in an effort to end a nearly two-decade drought in de novo bank...
CECL’s true costs come into focus
A decade after its release, the current expected credit loss methodology has delivered added costs without corresponding benefits for community...
ABA urges community bank relief on CECL accounting standard
In a new letter to the Financial Accounting Standards Board related to implementation issues of the Current Expected Credit Loss...
