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 ...
Tag: IRS
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 ...
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 ...
IRS, tax industry announce joint effort to combat tax scams
The IRS, state tax agencies and tax industry representatives have announced a new joint effort to combat the growth in ...
IRS finalizes rule on proposed required minimum distributions
The IRS finalized its proposed rule on required minimum distributions, including requirements for distributions from a qualified retirement plan—such as ...
IRS releases regulations in multiple areas
Topics include reporting and payment of the excise tax on repurchases of corporate stock, payment of tax by credit or ...
ABA: Proposed rule on excise tax on stock repurchases too broad
ABA urged Treasury to remove the general funding rule, as it could apply to any stock repurchase by a non-U.S. ...
FinCEN, IRS-CI launch series to help banks combat fentanyl trafficking
FinCEN and the IRS-CI announced the launch of a series of educational sessions to help banks and other financial institutions ...
IRS releases health savings account amounts for 2025
The IRS published the inflation-adjusted contribution limits and high-deductible health plan requirements for 2025.
IRS: Some wellness expenses not deductible under tax code
The IRS issued a reminder to taxpayers, businesses and heath spending plan administrators that personal expenses for general health and ...
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