ABA seeks clarification on proposed hedge accounting standards
A proposed accounting standards update on hedge accounting should be amended to align with the Financial Accounting Standards Board's risk...
Tax and Accounting
Proposal to allow disaster savings accounts gains traction
National Council of Insurance Legislators adopted a bipartisan, ABA-initiated resolution supporting the creation of state and federal legislation to establish...
ABA congressional team: Election results positive for banking, but bipartisan work remains
Though the GOP sweep of the House and Senate portends good things for bank-friendly policy, there is still a lot...
Podcast: Tax reform comes into focus for 2025
With many provisions of the 2017 Tax Cuts and Jobs Act expiring at the end of next year and tax...
IRS issues memo on tax deductibility of DIF special assessment
The IRS released a memo on the tax deductibility of the special assessment levied on certain banks by the FDIC...
Rep. Tenney discusses support for tax reform, credit union oversight
An extension of the Tax Cuts and Jobs Act is likely to be the most important issue that Congress takes...
Federal Reserve announces November webinars on economic conditions, discount window
The Federal Reserve has scheduled five Ask the Fed webinars for November on topics ranging from economic conditions in agriculture...
Coalition seeks restoration of mortgage insurance premium tax deduction
ABA joined a coalition of business and advocacy groups in urging lawmakers to restore a now-defunct federal tax deduction for...
Spreading out the asset risk
With community bank guidance, a new national marketplace aims to help small and midsize banks manage asset risk related to...
IRS releases corporate alternative minimum tax regulations, incorporates ABA recommendation
The Treasury Department and IRS released proposed regulations concerning the implementation of the corporate alternative minimum tax that incorporated an...
