ABA raises concerns with draft tax form
Several aspects of a draft tax reporting form raise “significant concerns” and could lead to the IRS being inundated with ...
Tag: IRS
IRS makes new reporting requirement for qualified charitable deductions optional for 2025
The IRS has delayed implementation of its new “code Y” reporting requirement on Form 1099-R for qualified charitable distributions made ...
Treasury Department creates position of IRS CEO
The Treasury Department announced the creation of the new position of IRS chief executive officer and tapped current Social Security ...
ABA urges IRS to improve process for business change of address
ABA recommended that the IRS notify responsible parties electronically whenever a business address change occurs, saying that implementing the requirement ...
ABA asks IRS to delay new reporting requirement
ABA submitted a comment letter to the IRS requesting that the agency delay by 12 months the effective date of ...
IRS releases Health Savings Account amounts for 2026
The IRS published the inflation-adjusted contribution limits and high-deductible health plan requirements for 2026.
Lawmakers: IRS should expand chronic disease treatment options under HSA-qualified plans
Three House lawmakers are asking the IRS to update and expand the list of services and treatments for chronic diseases ...
IRS launches new information sharing initiative for financial institutions
The law enforcement arm of the IRS has launched a new program to ensure financial institutions receive “quantifiable results” on ...
Krause named acting IRS commissioner
IRS COO Melanie Krause will become acting IRS commissioner following the retirement of current Acting Commissioner Doug O’Donnell. President Trump ...
ABA seeks fix to proposed corporate alternative minimum tax treatment of partnerships
ABA’s recommendation for fixing the issue is to use financial statement income — i.e. book income — for investments made ...
