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 ...
Tag: IRS
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 ...
IRS holds off on IVES updates, seeks industry input
IVES allows taxpayers to authorize third parties to request their tax return or wage transcripts to obtain a residential or ...
ABA: Proposed revisions to bad debt regulation need reworked
In a letter, ABA urged the IRS to make several changes to proposed regulations concerning bad debt deductions for regulated ...
ABA urges relief from new tax on failed bank purchasers
A new tax created by the passage of the Inflation Reduction Act in 2022 could discourage mid-sized financial institutions from ...
ABA urges IRS to improve business communications systems
As the IRS uses additional funds to upgrade its operations and systems, the agency should take steps to enhance the ...
Treasury Department, IRS propose digital asset regulations
The Treasury Department and IRS released proposed regulations on the sale and exchange of digital assets by brokers as part of ...
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