ABA welcomes bill to prevent transaction reporting to IRS
ABA this week praised the reintroduction of a Senate bill to prevent the IRS from requiring financial institutions to turn ...
Tag: IRS
IRS proposes making remote witness procedures permanent
The IRS has issued a proposed rule to make permanent temporary relief from the physical presence requirement for participant elections ...
Treasury issues guidance for comment on stock repurchase excise tax, AMT
The Treasury Department issued initial guidance regarding a new annual excise tax that applies to repurchases of a publicly traded ...
ABA, associations request IRS to make remote notarization permanent
The American Bankers Association along with 17 associations and businesses today sent a joint letter to the IRS requesting that ...
Werfel tapped to lead IRS
President Joe Biden todau announced that he will nominate Danny Werfel to serve as IRS commissioner.
IRS provides relief from RMDs in 2021, 2022 for inherited IRAs
Last week, the IRS announced that its soon-to-be final regulations on required minimum distributions will apply starting next year.
Reconciliation bill means selected new taxes, significant expansion of green energy initiatives
ABA's Kinsella recaps key provisions of the Inflation Reduction Act.
Senate Democrats pass reconciliation package
After months of negotiating, the Senate yesterday passed legislation to address selected portions of the Biden administration’s agenda for climate ...
Senate Democrats resurrect reconciliation package
After months of negotiating, Sens. Chuck Schumer (D-N.Y.) and Joe Manchin (D-W.Va.) announced an agreement on proposed legislation to address ...
Ad encourages Alabama senate candidate to fight expanded IRS reporting proposal
The proposal would mandate that financial institutions report information on gross inflows and outflows of all customer accounts above a ...
