White House Releases Principles for Tax Reform
The Trump administration today released its long-awaited proposal for tax reform.
Tax and Accounting
ABA Provides Treasury with Recommendations to Promote Economic Growth
In a detailed letter today to Treasury Secretary Steven Mnuchin, ABA provided a number of recommendations to improve banks’ regulation...
Watchdog: IRS Seizure Program Victimized Lawful Businesses
The Internal Revenue Service’s seizure program for allegedly structured business deposits swept up millions of dollars in legally sourced funds...
Rep. Scalise: Regulatory Reform Expected to Move after Health, Tax Reform
Regulatory reform legislation is expected to move in the U.S. House after healthcare reform and tax reform bills are completed,...
ABA: FASB’s Hedging Decisions Likely to Benefit Banks of All Sizes
The Financial Accounting Standards Board yesterday signaled that it would continue clearing the way for banks to hedge their interest...
As Tax Season Kicks Off, IRS Warns of W-2 Phishing Scam
The Internal Revenue Service today warned the public of a widespread email phishing scheme that scammers are using to steal...
ABA Unveils 2017 ‘Blueprint for Growth’
As the 115th Congress gears up to address tax reform, regulatory relief and other legislative action, ABA today released its...
ABA: Five-Year CECL Capital Transition Needed
Citing potential high volatility in credit loss allowances under the CECL accounting standard, ABA recently called on the Basel Committee...
IRS Issues Guidance for Information Reporting De Minimis Rule
The IRS yesterday issued guidance on the safe harbor from penalties for tax filers making de minimis errors when filing...
