FASB Issues Final Standard to Resolve Accounting Issues after Tax Reform
The Financial Accounting Standards Board today issued its final standard outlining how banks can adjust regulatory capital balances that were...
Tax and Accounting
New ABA Discussion Papers Suggest Significant CECL Challenges for Community Banks
Community banks may need to consider implementing the Financial Accounting Standards Board’s Current Expected Credit Loss accounting standard earlier than...
FASB Approves ABA-Supported Tax Reform Accounting Proposal
The Financial Accounting Standards Board today approved a highly anticipated proposal for adjusting regulatory capital balances that were affected by...
State Associations Support FASB Proposal on Reporting Implications of Tax Reform
All 52 state bankers associations wrote to the Financial Accounting Standards Board on Friday in support of a proposal to...
IRS Issues Warning about Tax Scam Targeting Preparers’ Data
With the 2018 tax filing season kicking off this week, the IRS today issued a warning about an emergent identity...
Iowa Bankers Launch Ad Campaign to Do Away with Credit Union Tax Exemption
As the Iowa state legislature examines reforming the state tax code, the Iowa Bankers Association has launched a digital, radio...
Sen. Hatch Writes NCUA with ‘Concern’ about Credit Union Activities
Senate Finance Committee Chairman Orrin Hatch (R-Utah), the top tax policymaker in the Senate, today sent a letter to the...
Tax Foundation: ‘Worthwhile’ for Congress to Revisit CU Tax Exemption
Reviewing the justification for the credit union tax exemption would be worthwhile, according to an analyst at the nonpartisan Tax...
Additional Announcements of Post-Tax Reform Bank Actions
More announcements of bank actions in response to the tax reform bill -- including wage increases, bonuses, community investments and...
