Treasury, IRS announce ‘Opportunity Zone’ designations
More than 6,500 communities across the U.S. have been designated Qualified Opportunity Zones, which provide tax incentives for investing in ...
Tag: IRS
IRS to issue final rule on auto loan deduction
The IRS will issue a final rule to implement a new tax deduction for certain automobile purchases, according to a ...
ABA urges agencies to publish guidance for trust, estate income tax reporting
The Treasury Department and IRS should issue guidance on income tax reporting for trusts and estates under the One Big ...
How banks can lead the way in early wealth building through Trump Accounts
Banks are uniquely positioned to help families understand how these accounts work and and how to use them strategically.
ABA seeks further revisions to draft W-9 tax form
ABA said that while it appreciates the IRS incorporating its recommendations into the proposed revisions to W-9 tax forms, the ...
IRS releases Health Savings Account amounts for 2027
The IRS has released the inflation-adjusted contribution limits and high-deductible health plan requirements for 2027.
ABA offers recommendations for modernizing brokerage statement filings
ABA made several recommendations to the Treasury Department and IRS to modernize and streamline the electronic delivery framework for brokers ...
IRS incorporates ABA recommendation in latest W-9 tax form
The IRS plans to allow sole proprietors to provide either their Social Security Number or their Employer Identification Number on ...
ABA: Allow banks to serve as trustees for initial Trump accounts
The IRS should allow all banks to serve as trustees of initial Trump accounts for children rather than just rollover ...
Bank Secrecy Act filings used in most IRS-CI financial crime investigations
Bank Secrecy Act filings have been used in nearly every financial crime investigation conducted by IRS Criminal Investigation, “underscoring the ...
