Trade Associations Call for Continued Modernization of IRS Data Systems
As Congress continues to consider ways to modernize and strengthen the IRS’ taxpayer authentication procedures, the American Bankers Association joined ...
Tag: IRS
IRS Issues Guidelines on Tax-Deductible Compensation Limits for Corporate Execs
The Internal Revenue Service today issued initial guidance addressing changes made by the new tax reform law to the deductibility ...
IRS Issues Tax Ruling on GSE ‘Single Security’ Exchanges
As part of the Federal Housing Finance Agency’s “single security initiative” to standardize the terms for mortgage pass-through certificates issued ...
IRS Clarifies Deductibility of Trustee Fees from Trust Income
In a recent notice, the Internal Revenue Service released guidance clarifying that trustee and executor fees may continue to be ...
ABA Submits Recommendations for IRS, Treasury 2018-19 Guidance Plan
The American Bankers Association today wrote to the Internal Revenue Service outlining several key issues that the IRS and the ...
DOL Announces Relief for Fiduciaries
The Department of Labor today announced a temporary enforcement policy on prohibited transaction rules applicable to investment advice fiduciaries.
Treasury Highlights Efforts to Reduce Regulatory Burden
The Treasury Department has eliminated or proposed to eliminate or modify a total of 305 regulations, according to a new ...
Sen. Hatch Calls for Large Credit Unions to File Form 990 with IRS
The largest credit unions should be required to file Form 990 -- the standard return filed by most nonprofit entities ...
IRS, Treasury Issue Guidance on Net Business Interest Expense Deductibility
With the new tax law limiting the deductibility of net business interest expense, the Treasury Department and the Internal Revenue ...
IRS Issues Information Reporting Guidance for Mortgage Insurance Premiums
The Internal Revenue Service on Thursday issued a notice providing guidance to lenders on reporting mortgage insurance premiums treated as ...
